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The Financial Services and Markets Act 2000 (Interim Permissions) Order 2001
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- UK Statutory Instruments
- 2001 No. 3374
- Article 12
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Application of rules etc. to Relevant Applicants with interim permission
12.—(1) The Authority may direct that any relevant provision which would otherwise apply to Relevant Applicants by virtue of their interim permission is not to apply, or is to apply to them as modified in the way specified in the direction.
(2) Where the Authority makes a rule or gives guidance which applies only to persons who are Relevant Applicants with an interim permission (or only to a class of such persons), section 155 does not apply to that rule or guidance.
(3) For the purposes of paragraph (1) a relevant provision is any provision made as a result of the exercise by the Authority of its legislative functions within the meaning of paragraph 1 of Schedule 1 to the Act.
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