Page 453 - IOM Law Society Rules Book

156 Financial Services Act 2008 c.8

(2) Any fees received under this Act shall form part of the
General Revenue of the Island.

Short title and 53. (1) This Act may be cited as the Financial Services Act
commencement
2008.
(2) This Act shall come into operation on such day as the
Treasury may by order appoint and different days may be so
appointed for different provisions and for different purposes.

(3) An order under subsection (2) may (without prejudice
[c.20] to the generality of the Interpretation Act 1976) —

(a) in particular, bring a provision of this Act into force for
the purpose of enabling an advance application for a
licence or permit to be made, considered and
determined;

(b) include transitional provision and saving provisions
modifying the application of a provision of an enactment
pending the commencement of, or pending the doing
of anything under, a provision of another enactment;

(c) save, with or without modification, a provision repealed
by this Act;

(d) make provision of a kind similar to provision made by
a provision repealed by this Act;

(e) modify a provision of this Act for such a purpose;

(f) make such provisions modifying the application of any
provision of this enactment in such circumstances and
for such purposes as are prescribed.

(4) Subsection (3) shall expire on the expiry of 3 years
immediately following the date on which this Act is passed.