# The Financial Services and Markets Act 2000 (Miscellaneous Provisions) Order 2001, Article 22: Transfer of liabilities


(1) Notwithstanding any term of any scheme made under article 21 any liability incurred by a transferor body as a result of an act or omission occurring before commencement is to be treated on and after commencement as a liability of the Authority.
(2) The reference to liabilities in paragraph (1) and in article 21 does not include any liability transferred as a result of article 17 of the Financial Services and Markets Act 2000 (Transitional Provisions) (Ombudsman Scheme and Complaints Scheme) Order 2001.

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Source: https://www.legislation.gov.uk/uksi/2001/3650/article/22 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-miscellaneous-provisions-order-2001/article-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.