Regulatory Alerts2008-06-19
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Financial Services Act 2008 (Appointed Day) Order 2008
The Treasury issued this Order to bring the Financial Services Act 2008 into operation on 1 August 2008, with immediate effect for making appointments and regulations. It establishes transitional provisions allowing previously unregulated activities to continue without a licence until 1 January 2009 or until a licence application is determined. Existing licences under repealed enactments are validated for one year, during which corresponding regulatory codes and appeal procedures remain applicable.
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