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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 3 September 2001 - onwards
Version 2 of 2

Article 6 Rehabilitation of offenders - transitional modification of the Financial Services Act

(1) Section 189 of the Financial Services Act has effect until commencement as if -

(a) after subsection (4)(c) there were inserted -

"(d) as respects action within paragraph 5 or 6 of that Part, a person who is connected with that person;

(e) as respects action within paragraph 5 of that Part consisting of a decision of a kind mentioned in paragraph 7(e) of Part I of that Schedule, the operator or trustee (within the meaning of the Financial Services and Markets Act 2000) of the scheme or a person who is connected with that person."; and

(b) after subsection (6), there were inserted -

"(6A) In this section and that Schedule, a person is connected with another ("A") if he is -

(a) where A is a body corporate, a director, manager or controller of A;

(b) where A is a partnership, a partner or manager of A;

(c) where A is an unincorporated association, a member of its governing body or an officer, manager or controller of A;

(d) where A is an individual, a manager of A.

(6B) In subsection (6A), "director", "manager" and "controller" have the meanings given by the Financial Services and Markets Act 2000.".