OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Rules)

These Rules relate to demands made by the Financial Services Authority (under section 372(4)(a) of the Financial Services and Markets Act 2000) to an individual that he establish to the Authority’s satisfaction that he has a reasonable prospect of being able to pay a regulated activity debt when it falls due.

Rule 3 makes provision for the form of a demand. Rule 4 relates to service of a demand. Rules 5 and 6 relate to the setting aside of a demand.