Regulation 58 Information to be supplied to a party to a contract with a person to whom regulation 56 applies
A person to whom regulation 56 (temporary exemption relating to pre-existing contracts) applies (“A”) must notify each party to a pre-existing contract with A—
that A is an exempt person for the purposes of section 19(1)(b) and section 20 (as applicable) of the Act;
that A is not authorised by the FCA in relation to the carrying on of that activity.
Notifications under paragraph (1) must be made as soon as reasonably practicable after the relevant day.
A must notify each party to a pre-existing contract with A, if there is a material change in respect of—
the protection afforded to assets held by A in relation to the performance of the contract;
the mechanisms for resolving disputes in connection with the contract;
the schemes available for compensation in relation to the contract,
of that material change.
Notifications under paragraph (3) must be made as soon as reasonably practicable after the material change referred to in that paragraph came to the notice to A.
Notifications under paragraphs (1) and (3) must be made in such manner and contain or be accompanied by such information as the FCA may require.