Regulation 44 Transitional provision for matters done before commencement

(1)

This regulation applies to a decision made before 1st January 2014 to—

(a)

refuse an application for the grant of a permission;

(b)

vary or revoke a permission; or

(c)

amend a condition to which a permission is subject.

(2)

Regulations 40 to 43 apply to such a decision with the following modifications—

(a)

omit regulation 40;

(b)

the appropriate regulator must comply with the requirements of regulations 41 and 43 in relation to the decision no later than 1st January 2014; and

(c)

regulation 42 applies to the decision, but with the period of time within which a reference may be made to the Tribunal commencing on 1st January 2014.

Notes on the whole SI

Textual amendments

F1: 2000 c. 8. Section 349(2) was amended by section 41 of, and paragraphs 19(1) and (2) of Schedule 12 to, the Financial Services Act 2012 (c. 21); paragraphs 14(1)(b), 17(c), 18 and 22 of Schedule 3 were amended by section 12 of, and paragraphs 1, 3, 7, 8 and 14 of Schedule 4 to, the Financial Services Act 2012; paragraph 14(1)(b) was also amended by S.I. 2003/1473 and S.I. 2003/2066.