# The Financial Services and Markets Act 2000 (Transitional Provisions) (Authorised Persons etc. ) Order 2001, Article 40: Directions under sections 11 and 12A of the Insurance Companies Act

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

(1) This article applies where immediately before commencement a person was subject to—
(a) a direction given under section 11 of the Insurance Companies Act; or
(b) a direction given under section 12A of that Act and confirmed under that section.
(2) The direction has effect after commencement—
(a) if it relates to the carrying on of an activity or activities which the person has a Part IV permission to carry on, as if it were a requirement, imposed under section 43, that he refrain from carrying on an activity which immediately before commencement he was prevented by the direction from carrying on;
(b) if it relates to the carrying on of an activity or activities which he has a permission to carry on as a result of Schedule 4, as if it were a requirement, imposed under section 196, that he refrain as mentioned in sub-paragraph (a).

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Source: https://www.legislation.gov.uk/uksi/2001/2636/article/40 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-authorised-persons-etc-order-2001/article-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.