240. The rules in this Part—
(a)relate to the permission required under section 216 of the IA 1986(1) for a person to act in all or any of the ways specified in section 216(3) in relation to an institution with a prohibited name, and
(b)prescribe the cases excepted from section 216, that is to say, those in which a person to whom that section applies may so act without that permission.
Commencement Information
I1Rule 240 in force at 12.11.2021, see rule 2
Section 216 was amended by Banking Act 2009 (c. 1) and S.I. 2011/245. There are other amending instruments but none is relevant.