Financial Services and Markets Act 2000

202 Contravention of requirement imposed under this Part.U.K.

This section has no associated Explanatory Notes

(1)Contravention of a requirement imposed by the Authority under this Part does not—

(a)make a person guilty of an offence;

(b)make any transaction void or unenforceable; or

(c)(subject to subsection (2)) give rise to any right of action for breach of statutory duty.

(2)In prescribed cases the contravention is actionable at the suit of a person who suffers loss as a result of the contravention, subject to the defences and other incidents applying to actions for breach of statutory duty.

Commencement Information

I1S. 202 wholly in force at 3.9.2001; s. 202 not in force at Royal Assent see s. 431(2); s. 202(2) in force for certain purposes at 25.2.2001 by S.I. 2001/516, art. 2(b), Sch. Pt. 2; s. 202 in so far as not already in force at 3.9.2001 by S.I. 2001/2632, art. 2(2), Sch. Pt. 2