{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-and-savings-rules-order-2001/article-8",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-and-savings-rules-order-2001/article-8.json",
  "legislation": "uksi/2001/1534",
  "legislation_title": "The Financial Services and Markets Act 2000 (Transitional Provisions and Savings) (Rules) Order 2001",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-and-savings-rules-order-2001",
  "path": "article/8",
  "kind": "article",
  "number": "8",
  "heading": "Waiver or modification as respects particular persons",
  "text": "(1) This article applies where—\n(a) immediately before commencement a waiver or modification of a pre-commencement provision is in operation as respects a person;\n(b) the pre-commencement provision to which the waiver or modification relates is designated in accordance with article 4; and\n(c) the person to whom the waiver or modification has been granted would, but for this article, be subject to the continued rule resulting from that designation.\n(2) In a case where this article applies, the waiver or modification has effect after commencement as if it were a direction under subsection (2) of section 148—\n(a) that the continued rule is not to apply to the person; or\n(b) as the case may be, that the continued rule is to apply to him with the modification in question.\n(3) Any condition subject to which the waiver or modification was granted has effect after commencement as if imposed under section 148(5).\n(4) Section 148(6) does not apply to a direction having effect by virtue of this article.\n(5) Section 148(9) applies to a direction having effect by virtue of this article as it applies to a direction given after commencement.\n(6) In this article references to a waiver or modification—\n(a) are to a waiver or modification granted in writing;\n(b) include references to any partial disapplication of the provision or rule, however described.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "words substituted",
      "affecting": "uksi/2013/472",
      "affecting_title": "The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/1534/article/8",
    "retrieved_at": "2026-10-29T07:50:10.271632+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."
}