# The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019, Regulation 16: Effect of acknowledgment of notification


(1) Where P has made a notification under paragraph (1) of regulation 15, which has been acknowledged by the designating authority in accordance with paragraph (3) of regulation 15, S is a temporarily designated system.
(2) A temporarily designated system has temporary designation, from exit day to the end of the temporary designation period.
(3) Regulations 5 (fees) and 10 (provision of information by designated systems) of the 1999 Regulations do not apply to a temporarily designated system until such time as it makes an application under regulation 3 (application for designation) of the 1999 Regulations.
(4) The designating authority must publish on its website a list of temporarily designated systems.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111176887/regulation/16 (the official version)
Page: https://openlegislation.uk/draft-financial-markets-and-insolvency-amendment-and-transitional-provision-eu-exit-regulations-2019/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.