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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order brings into force on 1 July 1988 those provisions of the Financial Services Act 1986 which effect the repeal of the Restrictive Trade Practices (Stock Exchange) Act 1984.

It also amends the Financial Services Act 1986 (Commencement No. 8) Order 1988 so as to postpone the coming into force of the restriction on promotion of certain collective investment schemes, namely those included in the Official List or promoted by a compliant prospectus, from 1 July to 1 December.

It also brings into force on 1 July the provisions of the Financial Services Act 1986 which disapply sections 75 to 77 of the Insurance Companies Act 1982 (right to withdraw from long term policies) in respect of contracts which constitute an investment.