{
  "url": "https://openlegislation.uk/financial-services-act-1986-repealed/section-62",
  "json_url": "https://openlegislation.uk/financial-services-act-1986-repealed/section-62.json",
  "legislation": "ukpga/1986/60",
  "legislation_title": "Financial Services Act 1986 (repealed)",
  "legislation_url": "https://openlegislation.uk/financial-services-act-1986-repealed",
  "path": "section/62",
  "kind": "section",
  "number": "62",
  "heading": "Actions for damages.",
  "text": "(1) Without prejudice to section 61 above, a contravention of—\n(a) any rules or regulations made under this Chapter;\n(b) any conditions imposed under section 50 above;\n(c) any requirements imposed by an order under section 58(3) above;\n(d) the duty imposed by section 59(6) above,\nshall be actionable at the suit of a person who suffers loss as a result of the contravention subject to the defences and other incidents applying to actions for breach of statutory duty.\n(2) Subsection (1) applies also to a contravention by a member of a recognised self-regulating organisation or a person certified by a recognised professional body of any rules of the organisation or body relating to a matter in respect of which rules or regulations have been or could be made under this Chapter in relation to an authorised person who is not such a member or so certified.\n(3) Subsection (1) above does not apply—\n(a) to a contravention of rules made under section 49 or conditions imposed under section 50 in connection with an alteration of the requirements of those rules; or\n(b) by virtue of subsection (2) above to a contravention of rules relating to a matter in respect of which rules have been or could be made under section 49.\n(4) A person shall not be guilty of an offence by reason of any contravention to which subsection (1) above applies or of a contravention of rules made under section 49 above or such conditions as are mentioned in subsection (3)(a) above and no such contravention shall invalidate any transaction.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "S. 62 saved by S.I. 1991/488, art.4"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "S. 62 extended (6.1.1997) by S.I. 1996/2827, reg.18(6)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1986/60/section/62",
    "retrieved_at": "2026-10-29T09:53:57.234744+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}