# The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001, Article 127: Interpretation

Extent: E+W+S+N.I.

(1) Amend regulation 2(1) of the Retirement Benefits Schemes (Continuation of Rights of Members of Approved Schemes) Regulations 1990 (interpretation) as follows.
(2) In the definition of “bad investment advice” for paragraph (d) substitute—
“(d) by reason of a contravention which is actionable—
(i) under section 62 of the Financial Services Act 1986; or
(ii) under section 150 of the Financial Services and Markets Act 2000;”.
(3) For the definition of “investment advice” substitute—
““investment advice”—
(a) in relation to a time before 1st December 2001, means advice such as is mentioned in paragraph 15 of Schedule 1 to the Financial Services Act 1986; and
(b) in relation to a time on or after that date, means advice such as is mentioned in Article 53 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;”.

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Source: https://www.legislation.gov.uk/uksi/2001/3629/article/127 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-taxes-order-2001/article-127
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.