# The Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014, Article 21: Transitional provision


A ring-fenced body does not carry on an excluded activity or contravene a prohibition imposed by this Order by holding or selling any investments on or after 1st January 2019 provided that—
(a) the investment in question was created or acquired by the ring-fenced body before 1st January 2019, and
(b) the period remaining until the investment matures is less than two years at 1st January 2019.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111117101/article/21 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-excluded-activities-and-prohibitions-order-2014/article-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.