Section 2

Rules made before Part 1 of this Schedule comes into force

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(1) The Financial Conduct Authority may identify general rules made under section 137A of the Financial Services and Markets Act 2000 before Part 1 of this Schedule comes into force and without complying with sections 143G and 143H of that Act ("pre-commencement rules") that are to be Part 9C rules.

(2) Where the Financial Conduct Authority identifies such rules, it must, as soon as reasonably practicable after Part 1 of this Schedule comes into force, publish -

(a) a list of the pre-commencement rules that are to be Part 9C rules, and

(b) a statement confirming that, in deciding that those precommencement rules should be Part 9C rules, the Financial Conduct Authority has -

(i) considered the risks specified in or under section 143C(2) or 143D(2) and the matters specified in or under section 143G(1), and