Point in time view as at 31/12/2024.
There are currently no known outstanding effects for the Financial Services and Markets Act 2023, Paragraph 61.
61(1)A licence in respect of anything transferred by a property transfer instrument continues to have effect despite the transfer.
(2)A property transfer instrument may disapply sub-paragraph (1) to a specified extent.
(3)Where a licence imposes rights or obligations, a property transfer instrument may apportion responsibility for exercise or compliance between transferor and transferee.
(4)In this paragraph “licence” includes permission and approval and any other permissive document in respect of anything transferred.
Commencement Information
I1Sch. 11 para. 61 not in force at Royal Assent, see s. 86(3)
I2Sch. 11 para. 61 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b)
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