Regulation 44 FCA's responseI1

United Kingdom

The FCA must, before the end of a period of 20 working days beginning with the day on which it receives a notification under regulation 42—

(a)

if it considers that the notification complies with the requirements of, or made under, that regulation, confirm in writing to the person making the notification that the notification is valid;

(b)

if it considers that the notification does not comply with those requirements—

(i)

confirm in writing to the person making the notification that the notification is not valid, and

(ii)

where applicable, inform the person of the steps which need to be taken, and the time within which they need to be taken, for the notification to be considered valid.

Annotations

Commencement

I1: Reg. 44 in force at 14.2.2019, see reg. 1(2)

Notes on the whole SI

Textual amendments

F1: Regulations revoked (1.1.2024 for the revocation of reg. 3(3)) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/779, reg. 5(c)(iii)