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Section 138E: Limits on effect of contravening rules

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Part 9A: Rules and Guidance — CHAPTER 2: Rules: modification, waiver, contravention and procedural provisions

A person is not guilty of an offence by reason of a contravention of a rule made by either regulator.

No such contravention makes any transaction void or unenforceable.

Subsection (2) does not apply in relation to—

rules made by the FCA under section 137C, ...
product intervention rules made by the FCA under section 137D ...
rules made by the FCA under section 137FBB ...
rules made by the FCA under section 137FD ; or
designated activity rules imposing under paragraph (2) of regulation 32 of the Public Offers and Admissions to Trading Regulations 2024 (withdrawal rights in connection with public offers of securities) a duty in relation to which provision made under paragraph (4) of that regulation applies.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.