Section 99 Transitional provisionI1

England, Wales and Scotland Not yet in force

(1)

The provision that may be made by virtue of section 133 (13)(a) (power to make transitional or saving provision in connection with coming into force of Act) includes special provision in relation to a superfund that has been authorised under the interim regime; for example, provision—

(a)

for a provision of this Part not to apply to, or to apply differently in respect of, a superfund that has been authorised under the interim regime;

(b)

for a superfund that has been authorised under the interim regime to be treated for the purposes of any provision of Chapter 4 or 5 as an operating superfund.

(2)

For the purposes of subsection (1), a superfund is “authorised under the interim regime” if its name has been published on the Regulator’s website as a result of its having made a successful application to the Regulator under the arrangements for the assessment and supervision of superfunds operated by the Regulator before the coming into force of this Part.

Annotations

Commencement

I1: S. 99 not in force at Royal Assent, see s. 133(7)