The Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025
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Change 1
34 Product intervention rules
(1) Product intervention rules (within the meaning of section 137D of FSMA 2000) apply to a person to whom regulation 22 applies (a “regulation 22 person”) as they apply to an authorised person (within the meaning of section 31 of FSMA 2000). (2) Product intervention rules made by the FCA which apply to a regulation 22 person by virtue of paragraph (1) are to be treated as if they were general rules made by the FCA under section 137A of FSMA 2000 (the FCA’s general rules). (3) Section 137T of FSMA 2000 (general supplementary powers) and Chapter 2 of Part 9A of FSMA 2000 apply in relation to rules which apply to a regulation 22 person by virtue of paragraph (1) as they apply to general rules made by the FCA under section 137A of FSMA 2000.
34 Product intervention rules
(1) Product intervention rules (within the meaning of section 137D of FSMA 2000) apply to a person to whom regulation 22 applies (a “regulation 22 person”) as they apply to an authorised person (within the meaning of section 31 of FSMA 2000). (2) Product intervention rules made by the FCA which apply to a regulation 22 person by virtue of paragraph (1) are to be treated as if they were general rules made by the FCA under section 137A of FSMA 2000 (the FCA’s general rules). (3) Section 137T of FSMA 2000 (general supplementary powers) and Chapter 2 of Part 9A of FSMA 2000 apply in relation to rules which apply to a regulation 22 person by virtue of paragraph (1) as they apply to general rules made by the FCA under section 137A of FSMA 2000.
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