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The Financial Services and Markets Act 2000 (Transitional Provisions) (Partly Completed Procedures) Order 2001
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There are currently no known outstanding effects for the The Financial Services and Markets Act 2000 (Transitional Provisions) (Partly Completed Procedures) Order 2001, Section 106.
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Task of the Financial Services Tribunal on transitional referenceU.K.
106.—(1) On a transitional reference made at the request of a person falling within section 97(1)(a), the Financial Services Tribunal must—
(a)investigate the case and report on it to the Authority,
(b)state in that report its recommendations as to what would be the appropriate action (if any) for the Authority to take in the exercise of the powers conferred on the Authority by or under the Act and give the reasons for those recommendations.
(2) The Authority must exercise its powers in the manner most appropriate to give effect to the Financial Services Tribunal’s recommendations.
(3) The Financial Services Tribunal must send a copy of its report to the person at whose request the case was referred to it.
Commencement Information
I1Art. 106 in force at 1.12.2001, see art. 1(2)
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