Section 138A(2)

Subsection (1) does not apply to— rules made by either regulator under section 64A (rules of conduct); rules made by either regulator under section 137O (threshold condition code); rules made by the FCA under section 247 (trust scheme rules) , section 248 (scheme particulars rules), section 261I (contractual scheme rules) or section 261J (contractual scheme particulars rules); rules made by the FCA under section 309Z1 (rules of conduct).

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Source: legislation.gov.uk · retrieved 2026-09-04