# The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001, Article 16: Continuity of measures etc


(1) Measures taken, arrangements made, terms and conditions imposed, indemnities given and all other things done before commencement by a former manager in the exercise of functions, powers or duties conferred on the former manager by a former scheme continue to have effect.
(2) The scheme manager has all the functions, powers and duties of a former manager in relation to the measures and other things referred to in paragraph (1).

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Source: https://www.legislation.gov.uk/uksi/2001/2967/article/16 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-repeals-and-savings-financial-services-compensation-scheme-order-2001/article-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.