SCHEDULES

SCHEDULE 24Transitional and transitory provisions and savings

3First financial year of the OFT

1

If the period beginning with the day on which the OFT is established and ending with the next 31st March is six months or more, the first financial year of the OFT is that period.

2

Otherwise the first financial year of the OFT is the period beginning with the day on which it is established and ending with 31st March in the following year.