{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-392",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-392.json",
  "legislation": "ukpga/2000/8",
  "legislation_title": "Financial Services and Markets Act 2000",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000",
  "path": "section/392",
  "kind": "section",
  "number": "392",
  "heading": "Application of sections 393 and 394.",
  "text": "Sections 393 and 394 apply to—\n(a) a warning notice given in accordance with section 55Z(1), 57(1), 63(3), 63B(1), 67(1), 88(4)(b), section 88B(1), 92(1), 126(1), ... 142T(1), 143N(1), 143T(1), 143U(2), 143X(1), 192L(1) , 192R(8), 192Z(1), 207(1) or (1A), 208A(3), 255(1), 261V(1), 271N(2), 271R(3), 280(1), 282B(3), 309C(1)(b), 309P(1)(b), 309V(1), 309Z4(1), section 312G(1), 312S(1), 331(1), 345B(1) (whether as a result of section 345(2), 345A(3) or section 249(1) or 261K(1)) , 385(1) or 412B(4) or (8) or paragraph 5(6) of Schedule 6A;\n(aa) a warning notice given in accordance with regulation 41(1) of the Public Offers and Admissions to Trading Regulations 2024;\n(b) a decision notice given in accordance with section 55Z(2), 57(3), 63(4), 63B(3), 67(4), 88(6)(b), section 88B(5), 92(4), 127(1), ... 142T(4), 143N(2), 143T(3), 143U(2), 143X(5), 192L(4) , 192R(9), 192Z(4), 208(1) or (1A), 208A(4), 255(2), 261V(2), 271N(3), 271R(4), 280(2), 282B(4), 309C(3), 309P(2), 309V(3), 309Z4(6) section 312H(1), 312S(3), 331(3), 345B(4) (whether as a result of section 345(2), 345A(3) or section 249(1) or 261K(1)) , 386(1) or 412B(5) or (9) or paragraph 5(7) of Schedule 6A.\n(c) a decision notice given in accordance with regulation 41(4) of the Public Offers and Admissions to Trading Regulations 2024.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in s. 392(a) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 9 para. 31(2)(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in s. 392(a) inserted (8.6.2010) by Financial Services Act 2010 (c. 28), ss. 24(1), 26(2)(e), Sch. 2 para. 29(2)(a)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 392 substituted (19.3.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 18(5)(a), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.; S.I. 2013/651, art. 2(a)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Word in s. 392(a) omitted (14.1.2025 for specified purposes, 13.7.2026 in so far as not already in force) by virtue of The Short Selling Regulations 2025 (S.I. 2025/29), reg. 2(2)(3), Sch. 2 para. 1(6)(a); S.I. 2026/587, reg. 2(b)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Word in s. 392(a) inserted (1.1.2019) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 4(4)(a), 148(5); S.I. 2018/1306, art. 2(d)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in s. 392(a) inserted (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 2 para. 13(a) (with Sch. 2 Pt. 3); S.I. 2021/671, reg. 4(b)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Word in s. 392(a) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 9 para. 31(2)(b) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Words in s. 392(a) inserted (29.12.2020) by The Financial Holding Companies (Approval etc.) and Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1406), regs. 1(4), 2(8)(a) (with reg. 5)"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "Words in s. 392(a) substituted (14.1.2025) by The Financial Services and Markets Act 2000 (Designated Activities) (Supervision and Enforcement) Regulations 2025 (S.I. 2025/22), reg. 1(2), Sch. para. 21(a)"
    },
    {
      "type": "F",
      "label": "F10",
      "text": "Word in s. 392(a) inserted (6.6.2013) by The Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013 (S.I. 2013/1388), regs. 1, 3(19)(a)(i) (with reg. 24)"
    },
    {
      "type": "F",
      "label": "F11",
      "text": "Words in s. 392(a) inserted (23.2.2022) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 9 para. 6(a); S.I. 2022/163, reg. 2(a)"
    },
    {
      "type": "F",
      "label": "F12",
      "text": "Word in s. 392(a) inserted (23.2.2022) by Financial Services Act 2021 (c. 22), ss. 25(7)(a), 49(5); S.I. 2022/163, reg. 2(b)"
    },
    {
      "type": "F",
      "label": "F13",
      "text": "Words in s. 392(a) inserted (29.6.2023 for specified purposes) by Financial Services and Markets Act 2023 (c. 29), s. 86(1)(e), Sch. 10 para. 14(2)"
    },
    {
      "type": "F",
      "label": "F14",
      "text": "Words in s. 392(a) inserted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 8 para. 37(a) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F15",
      "text": "Word in s. 392(a) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 19(5)(a), 86(3); S.I. 2023/779, reg. 4(n)"
    },
    {
      "type": "F",
      "label": "F16",
      "text": "Words in s. 392(a) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 13 para. 8(2) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F17",
      "text": "Words in s. 392(a) inserted (6.6.2013) by The Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013 (S.I. 2013/1388), regs. 1, 3(19)(a)(ii) (with reg. 24)"
    },
    {
      "type": "F",
      "label": "F18",
      "text": "Words in s. 392(a) substituted (1.4.2007 for certain purposes and 1.11.2007 otherwise) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2007 (S.I. 2007/126), regs. 1(2), 3(5), Sch. 5 para. 16(a)"
    },
    {
      "type": "F",
      "label": "F19",
      "text": "Words in s. 392(a) inserted (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 11 para. 5(a); S.I. 2021/739, reg. 3(p)"
    },
    {
      "type": "F",
      "label": "F20",
      "text": "S. 392(aa) inserted (30.1.2024 for specified purposes, 19.1.2026 in so far as not already in force) by The Public Offers and Admissions to Trading Regulations 2024 (S.I. 2024/105), reg. 2(2)(3), Sch. 3 para. 19(a) (with regs. 48-50); S.I. 2025/1078, reg. 5(b) (with reg. 12)"
    },
    {
      "type": "F",
      "label": "F21",
      "text": "Word in s. 392(b) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 9 para. 31(3)(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F22",
      "text": "Word in s. 392(b) inserted (8.6.2010) by Financial Services Act 2010 (c. 28), ss. 24(1), 26(2)(e), Sch. 2 para. 29(3)(a)"
    },
    {
      "type": "F",
      "label": "F23",
      "text": "Words in s. 392 substituted (19.3.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 18(5)(b), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.; S.I. 2013/651, art. 2(a)"
    },
    {
      "type": "F",
      "label": "F24",
      "text": "Word in s. 392(b) omitted (14.1.2025 for specified purposes, 13.7.2026 in so far as not already in force) by virtue of The Short Selling Regulations 2025 (S.I. 2025/29), reg. 2(2)(3), Sch. 2 para. 1(6)(b); S.I. 2026/587, reg. 2(b)"
    },
    {
      "type": "F",
      "label": "F25",
      "text": "Word in s. 392(b) inserted (1.1.2019) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 4(4)(b), 148(5); S.I. 2018/1306, art. 2(d)"
    },
    {
      "type": "F",
      "label": "F26",
      "text": "Words in s. 392(b) inserted (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 2 para. 13(b) (with Sch. 2 Pt. 3); S.I. 2021/671, reg. 4(b)"
    },
    {
      "type": "F",
      "label": "F27",
      "text": "Word in s. 392(b) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 9 para. 31(3)(b) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F28",
      "text": "Words in s. 392(b) inserted (29.12.2020) by The Financial Holding Companies (Approval etc.) and Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1406), regs. 1(4), 2(8)(b) (with reg. 5)"
    },
    {
      "type": "F",
      "label": "F29",
      "text": "Words in s. 392(b) substituted (14.1.2025) by The Financial Services and Markets Act 2000 (Designated Activities) (Supervision and Enforcement) Regulations 2025 (S.I. 2025/22), reg. 1(2), Sch. para. 21(b)"
    },
    {
      "type": "F",
      "label": "F30",
      "text": "Word in s. 392(b) inserted (6.6.2013) by The Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013 (S.I. 2013/1388), regs. 1, 3(19)(b)(i) (with reg. 24)"
    },
    {
      "type": "F",
      "label": "F31",
      "text": "Words in s. 392(b) inserted (23.2.2022) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 9 para. 6(b); S.I. 2022/163, reg. 2(a)"
    },
    {
      "type": "F",
      "label": "F32",
      "text": "Word in s. 392(b) inserted (23.2.2022) by Financial Services Act 2021 (c. 22), ss. 25(7)(b), 49(5); S.I. 2022/163, reg. 2(b)"
    },
    {
      "type": "F",
      "label": "F33",
      "text": "Words in s. 392(b) inserted (29.6.2023 for specified purposes) by Financial Services and Markets Act 2023 (c. 29), s. 86(1)(e), Sch. 10 para. 14(3)"
    },
    {
      "type": "F",
      "label": "F34",
      "text": "Words in s. 392(b) inserted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 8 para. 37(b) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F35",
      "text": "Word in s. 392(b) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 19(5)(b), 86(3); S.I. 2023/779, reg. 4(n)"
    },
    {
      "type": "F",
      "label": "F36",
      "text": "Words in s. 392(b) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 13 para. 8(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F37",
      "text": "Words in s. 392(b) inserted (6.6.2013) by The Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013 (S.I. 2013/1388), regs. 1, 3(19)(b)(ii) (with reg. 24)"
    },
    {
      "type": "F",
      "label": "F38",
      "text": "Words in s. 392(b) substituted (1.4.2007 for certain purposes and 1.11.2007 otherwise) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2007 (S.I. 2007/126), regs. 1(2), 3(5), Sch. 5 para. 16(b)"
    },
    {
      "type": "F",
      "label": "F39",
      "text": "Words in s. 392(b) inserted (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 11 para. 5(b); S.I. 2021/739, reg. 3(p)"
    },
    {
      "type": "F",
      "label": "F40",
      "text": "S. 392(c) inserted (30.1.2024 for specified purposes, 19.1.2026 in so far as not already in force) by The Public Offers and Admissions to Trading Regulations 2024 (S.I. 2024/105), reg. 2(2)(3), Sch. 3 para. 19(b) (with regs. 48-50); S.I. 2025/1078, reg. 5(b) (with reg. 12)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Ss. 392-394 applied (with modifications) by 2009 c. 1, s. 83ZV (as inserted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 97)"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "Ss. 392-395 applied (with modifications) (26.6.2017) by The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (S.I. 2017/692), regs. 1(2), 82 (with regs. 8, 15)"
    },
    {
      "type": "C",
      "label": "C3",
      "text": "S. 392 applied (with modifications) (31.5.2021) by The Civil Liability Act 2018 (Financial Conduct Authority) (Whiplash) Regulations 2021 (S.I. 2021/594), regs. 1, 2(8)(f)"
    },
    {
      "type": "C",
      "label": "C4",
      "text": "Ss. 392-395 applied (8.6.2023 for specified purposes, 7.10.2023 in so far as not already in force) by The Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023 (S.I. 2023/612), art. 1(2), Sch. para. 1(s) (with art. 11)"
    },
    {
      "type": "C",
      "label": "C5",
      "text": "Ss. 392-394 applied (with modifications) (31.12.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 11 para. 140; S.I. 2023/1382, reg. 8(b)"
    },
    {
      "type": "C",
      "label": "C6",
      "text": "S. 392 applied (with modifications) (1.1.2026) by The Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025 (S.I. 2025/1145), regs. 1(2), 32(8)"
    },
    {
      "type": "C",
      "label": "C7",
      "text": "Ss. 392-394 applied (with modifications) (14.1.2025 for specified purposes, 13.7.2026 in so far as not already in force) by The Short Selling Regulations 2025 (S.I. 2025/29), regs. 2(2)(3), 24, 25, 26, Sch. 1 Pts. 1, 2, 3; S.I. 2026/587, reg. 2(b)"
    },
    {
      "type": "C",
      "label": "C8",
      "text": "S. 392(a) excluded (1.12.2001) by S.I. 2001/3592, arts. 1(2), 46(2), 47(2), 48(2), 52(4), 55(2) (with art. 23(2))"
    }
  ],
  "outstanding_effects": [
    {
      "type": "words inserted",
      "affecting": "ukpga/2021/22",
      "affecting_title": "Financial Services Act 2021"
    },
    {
      "type": "words inserted",
      "affecting": "ukpga/2021/22",
      "affecting_title": "Financial Services Act 2021"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/8/section/392",
    "retrieved_at": "2026-10-29T09:21:21.899993+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."
}