# The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020, Regulation 5: Effect of determining an advance application


A decision in respect of an advance application under regulation 4(3) has effect from—
(a) the day of notification, or
(b) IP completion day,
whichever is later, as if it were a decision to register or refuse registration adopted in accordance with Article 7 of the SFT Regulation.

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Source: https://www.legislation.gov.uk/ukdsi/2020/9780348213614/regulation/5 (the official version)
Page: https://openlegislation.uk/draft-securities-financing-transactions-securitisation-and-miscellaneous-amendments-eu-exit-regulations-2020/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.