Article 12 Relevant applications
In relation to a relevant application, the FCA, may by direction specify the date on or after which a relevant application may be made, provided that date is before the regulatory commencement date.
A direction given under this article may—
specify different dates for different persons or classes of person or for different descriptions of activities;
impose different requirements for different circumstances or different categories of application;
be amended, substituted or revoked by a further direction.
The last date on which a relevant application may be made (“the last application date”) is the day six months after the regulatory commencement date.
Subject to article 11(5), a relevant application made before any date specified by a direction given in accordance with paragraph (1) is to be treated as if it had not been made.