If a particular rule made by either regulator so provides, contravention of the rule does not give rise to any of the consequences provided for by other provisions of this Act.
A rule made by a regulator which so provides must also provide—
that contravention may be relied on as tending to establish contravention of such other rule made by that regulator as may be specified, or
that compliance may be relied on as tending to establish compliance with such other rule made by that regulator as may be specified.
A rule may include the provision mentioned in subsection (1) only if the regulator making the rule considers that it is appropriate for it also to include the provision required by subsection (2).
In this section "rule" does not include a rule made under—
section 137O (threshold condition code);
section 192J (provision of information by parent undertakings).