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MAR TP 1 Transitional Provisions

MAR TP 1.1

GEN contains some technical transitional provisions that apply throughout the Handbook and which are designed to ensure a smooth transition at commencement. These include transitional provisions relevant to record keeping and notification rules.

1) Transitional Provisions for The Code of Market Conduct - (MAR 1)

There are no transitional provisions for The Code of Market Conduct (The Code of Market Conduct).

2) Transitional Provisions for Price stabilising rules (Price Stabilising Rules)

SUP contains transitional provisions which carry forward into MAR 2 (Price stabilising rules) written concessions relating to pre-commencement provisions.

MAR TP 1.2

(1)

(2) Material provision to which transition al provision applies

(3)

(4) Transitional provision

(5) Transitional provision: dates in force

(6) Handbook provision: coming into force

1

MAR 2

R

Part 10 of the Financial Services (Conduct of Business) Rules 1990 applies in relation to anoffer for cash, instead of MAR 2, if:

(1) apublic announcement of theofferwhich stated theoffer pricehas been made beforecommencement; or

(2) theintroductory periodfor theofferstarted not more than 60 days beforecommencementand thefirmor otherpersonso chooses and makes a written record of that choice beforecommencement.

A record in (2) must be retained for 3 years from the end of thestabilising periodfor theoffer.

This transitional provision applies to an offer as defined in the 1990 Rules, and has effect as aprice stabilising rule.

Commencementuntil the end of thestabilising period for the offer

Commencement