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Article 9 Relevant application period

Original text. Later amendments are not shown.

(1)

Not later than one year before the main commencement day, the FCA may, by giving a direction, specify a “relevant application period” for the purposes of this Chapter.

(2)

In any direction given under paragraph (1), the relevant application period must—

(a)

last for at least 28 days, and

(b)

end at least 28 days before the main commencement day.

(3)

The power in paragraph (1) includes the power to—

(a)

give different directions, including a different relevant application period, in relation to different persons or categories of person;

(b)

amend, revoke or substitute any direction made under that paragraph.

(4)

Directions given under paragraph (1) must be published in such form as the FCA considers appropriate.

(5)

The specification of an application period under paragraph (1) does not prevent the making of applications for an ESG ratings permission outside that period.