# The Financial Services (Schemes Authorised in Designated Countries or Territories) (Notification) Regulations 1988, Note: Explanatory note


(This note is not part of the Regulations)
These regulations prescribe the period of two months as the period within which the Securities and Investments Board may notify the operator of a scheme which is managed in and authorised under the law of a country or territory designated under section 87 of the Financial Services Act 1986 that the scheme is not to be recognised.

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Source: https://www.legislation.gov.uk/uksi/1988/1961/note (the official version)
Page: https://openlegislation.uk/financial-services-schemes-authorised-in-designated-countries-or-territories-notification-regulations-1988/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.