Regulation 69 Directions given by FCAI1

Despite the repeal by regulation 25 of section 267 M1 of the 2000 Act, a direction given by the FCA under that section which has effect immediately before F1IP completion day continues to have effect on and after IP completion day if, by virtue of regulation 62, the stand-alone scheme or sub-fund to which the direction relates continues to be a recognised scheme on and after IP completion day.