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The Financial Services and Markets Act 2000 (Transitional Provisions) (Partly Completed Procedures) Order 2001

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This is the original version (as it was originally made).

Intervention measure stayed before commencement

82.—(1) This article applies where before commencement—

(a)an intervention measure had been imposed on an authorised person (within the meaning of the Act) who was a member of a recognised self-regulating organisation immediately before commencement; and

(b)a stay had been granted preventing the intervention measure from coming into effect at any time before commencement.

(2) In a case where this article applies—

(a)the person on whom the intervention measure was imposed is not to be treated as subject to that measure immediately before commencement for the purposes of article 35 of the Authorised Persons Order; and

(b)any proceedings in respect of an appeal brought by the person against the measure lapse at commencement.

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