# The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013, Article 40: Suspension of licence where determination made before 1st April 2014 and confirmed


(1) Paragraphs (2) to (4) apply if, before 1st April 2014—
(a) the OFT had given a notice to a person (“A”) under section 34ZA of the 1974 Act (representations to OFT: suspension under section 32A) of its determination to confirm a decision to suspend A’s licence under section 32A of that Act,
(b) that determination had not taken effect, and
A is a relevant person.
(2) The notice is to be treated as—
(a) if A has Part 4A permission only by virtue of this Order—
(i) a written notice under section 55Y(7) of the Act of the decision of the FCA to vary A’s Part 4A permission (except for subsection (9) of section 55Y which does not apply), and
(ii) a decision notice given under section 55Z(2) of the Act by the FCA of the decision by the FCA to cancel A’s Part 4A permission;
(b) in any other case, a written notice under section 55Y(7) of the Act of the decision of the FCA to vary A’s Part 4A permission (except for subsection (9) of section 55Y which does not apply).
(3) But if A had, before 1st April 2014, submitted a notice of appeal to the First-tier Tribunal under section 41 of the 1974 Act (appeals to First-tier Tribunal under Part 3), section 55Z3 of the Act (right to refer matters to the Tribunal) does not apply.
(4) The notice has effect subject to any necessary modifications.

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Source: https://www.legislation.gov.uk/ukdsi/2013/9780111100493/article/40 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-regulated-activities-amendment-no2-order-2013/article-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.