The Financial Services Act 2012 (Mutual Societies) Order 2013 No. 496

SCHEDULE 1 U.K. Application of the Financial Services and Markets Act 2000 to transferred functions

Guidance U.K.

9.—(1) This paragraph applies if guidance is given by the FCA under section 139A on the operation of a rule of the kind mentioned in paragraph 6 above. U.K.

(2) To the extent that the fees required to be paid by the rule relate to mutuals expenditure, the guidance is not to be treated as a “regulating provision” within the meaning of section 140A(1).

Commencement Information

I1 Sch. 1 para. 9 in force at 1.4.2013, see art. 1(1)