The 1986 Act conferred no power to make rules in respect of any liability incurred before the commencement date of the First Schedule whereby the definition of ‘Investment Business’ came into force.
Morritt J
[1991] 3 WLR 889, [1991] 4 All ER 398, [1992] Ch 268
Financial Services Act 1986
England and Wales
Financial Services
Updated: 23 December 2021; Ref: scu.551308