111. The Financial Services Tribunal (Conduct of Investigations) Rules 1988(1) have effect after commencement (notwithstanding the repeal of the Financial Services Act) in relation to a transitional reference with the following modifications—
(a)references in the rules to a matter referred to the Tribunal under section 97 must be read as references to transitional references within the meaning of article 105(3);
(b)for rule 17 substitute the following—
“In a transitional reference made at the request of a person falling within section 97(1)(a) of the Act, the Tribunal shall inform the relevant authority and the applicant of the recommendation it is minded to give as to the appropriate action (if any) for the relevant authority to take and shall afford the applicant and the relevant authority fourteen days in which to make written or oral representations to it before making its report.”.
Commencement Information
I1Art. 111 in force at 1.12.2001, see art. 1(2)
S.I. 1988/351.