# The Financial Services and Markets Act 2000 (Transitional Provisions and Savings) (Rules) Order 2001, Article 3: Designation of pre-commencement provisions to take effect as rules


(1) This article applies to a pre-commencement provision which—
(a) has been designated by the Authority in accordance with article 4;
(b) could, with the modifications (if any) made to it under article 5, be made in whole or in part under a provision of the Act conferring power on the Authority to make rules; and
(c) has not been amended or revoked at any time between its designation and commencement.
(2) Where a pre-commencement provision—
(a) has been designated by the Authority in accordance with article 4; and
(b) has been amended at any time between its designation and commencement by a further such provision which has itself been so designated,
this article applies to the original provision, subject to that amendment.
(3) A pre-commencement provision to which this article applies has effect after commencement—
(a) with such modifications (if any) as may be made under article 5; and
(b) to the extent that (with those modifications) it could have been made under a provision of or under the Act conferring power on the Authority to make rules,
as if it were a rule made under that provision.
(4) Paragraph (3) applies in spite of any repeal, revocation or other lapsing of the pre-commencement provision which occurs on commencement.

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Source: https://www.legislation.gov.uk/uksi/2001/1534/article/3 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-and-savings-rules-order-2001/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.