MAR TP 1 Transitional Provisions
MAR TP 1.1
GEN contains some technical transitional provisions that apply throughout the Handbook and which are designed to ensure a smooth transition at commencement. These include transitional provisions relevant to record keeping and notification rules. |
1) Transitional Provisions for The Code of Market Conduct - (MAR 1) |
There are no transitional provisions for The Code of Market Conduct (The Code of Market Conduct). |
2) Transitional Provisions for Price stabilising rules (Price Stabilising Rules) |
SUP contains transitional provisions which carry forward into MAR 2 (Price stabilising rules) written concessions relating to pre-commencement provisions. |
MAR TP 1.2
(1) |
(2) Material provision to which transition al provision applies |
(3) |
(4) Transitional provision |
(5) Transitional provision: dates in force |
(6) Handbook provision: coming into force |
1 |
MAR 2 |
R |
Part 10 of the Financial Services (Conduct of Business) Rules 1990 applies in relation to anoffer for cash, instead of MAR 2, if: (1) apublic announcement of theofferwhich stated theoffer pricehas been made beforecommencement; or (2) theintroductory periodfor theofferstarted not more than 60 days beforecommencementand thefirmor otherpersonso chooses and makes a written record of that choice beforecommencement. A record in (2) must be retained for 3 years from the end of thestabilising periodfor theoffer. This transitional provision applies to an offer as defined in the 1990 Rules, and has effect as aprice stabilising rule. |
Commencementuntil the end of thestabilising period for the offer |