Part XIII Incoming Firms: Intervention by FCA or PRA
Supplemental
202 Contravention of requirement imposed under this Part.
(1)
Contravention of a requirement imposed by F1a regulator 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.