- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (26/03/2021)
- Gwreiddiol (Fel y'i Deddfwyd)
Financial Services and Markets Act 2000
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Rhagor o Adnoddau
Changes over time for: Section 261N
Alternative versions:
- 06/06/2013- Amendment
- 26/03/2021
Point in time
Status:
Point in time view as at 26/03/2021.
Changes to legislation:
Financial Services and Markets Act 2000, Section 261N is up to date with all changes known to be in force on or before 24 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
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[F1261N.Effect of becoming or ceasing to be a participantU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)A person who at any time becomes a participant in a relevant scheme acquires the rights and becomes subject to the liabilities to which the other participants in the relevant scheme are entitled or subject at that time under, or in connection with, authorised contracts.
(2)A person who ceases to be a participant in a relevant scheme ceases to have any of the rights and to be subject to any of the liabilities to which a participant in the relevant scheme is entitled or subject under, or in connection with, authorised contracts.
(3)In this section—
(a)“authorised contract” has the meaning given in section 261M(1); and
(b)each of the following is a “relevant scheme”—
(i)a stand-alone co-ownership scheme; and
(ii)a sub-scheme of an umbrella co-ownership scheme.]
Textual Amendments
F1Pt. XVII Ch. 3A inserted (6.6.2013) by The Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013 (S.I. 2013/1388), regs. 1, 3(12) (with reg. 24)
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