[138M Consultation: exemptions for temporary product intervention rules]
[138M Consultation: exemptions for temporary product intervention rules]

[(1)     Sections 138I(1)(b) and (2) to (5) and 138K do not apply in relation to product intervention rules made by the FCA if it considers that it is necessary or expedient not to comply with them for the purpose of advancing—

(a)     the consumer protection objective or the competition objective, or

(b)     if an order under section 137D(1)(b) is in force, the integrity objective.

(2)     Any rules made as a result of subsection (1) (“temporary product intervention rules”) are to cease to have effect at the end of the period specified in the rules.

(3)     The longest period that may be specified is the period of 12 months beginning with the day on which the rules come into force.