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Financial Services and Markets Act 2000
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Changes over time for: Section 266
Version Superseded: 31/12/2020
Alternative versions:
- 18/06/2001- Amendment
- 13/02/2004- Amendment
- 01/04/2013- Amendment
- 22/07/2013
Point in time - 31/12/2020- Amendment
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Financial Services and Markets Act 2000, Section 266 is up to date with all changes known to be in force on or before 21 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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266 Disapplication of rules.U.K.
This section has no associated Explanatory Notes
(1)Apart from—
(a)financial promotion rules, and
(b)rules under section 283(1),
rules made by the [F1FCA] under this Act do not apply to the operator, trustee or depositary of a scheme in relation to the carrying on by him of regulated activities for which he has permission in that capacity.
[F2(1A)But subsection (1) does not affect the application of rules to an operator of a scheme if the operator is an EEA firm falling within paragraph 5(f) of Schedule 3 who qualifies for authorisation under that Schedule.]
(2)“Scheme” means a scheme which is a recognised scheme by virtue of section 264.
Textual Amendments
F1Word in s. 266 substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 9(1)(2) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F2S. 266(1A) inserted (13.2.2004) by The Collective Investment Schemes (Miscellaneous Amendments) Regulations 2003 (S.I. 2003/2066), reg. 9
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