# The Securitisation Regulations 2023, Paragraph 7


(1) This paragraph applies where immediately before the main commencement day—
(a) a person has a right to make a reference to the Tribunal in respect of any decision of the FCA to refuse—
(i) registration as a securitisation repository under Article 10 of the EU Securitisation Regulation 2017, or
(ii) authorisation for the purposes of Article 28 of the EU Securitisation Regulation 2017 to provide a third party verification service, or
(b) such a reference has been made but not determined.
(2) These Regulations and the revocation of the EU-derived securitisation legislation do not affect the reference to the Tribunal.
(3) If the Tribunal refers the matter to the FCA for decision, paragraph 4 or 6 applies in relation to registration or authorisation in accordance with a direction of the Tribunal as it applies in relation to registration or authorisation having effect immediately before the main commencement day.

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Source: https://www.legislation.gov.uk/ukdsi/2023/9780348254242/schedule/3/paragraph/7 (the official version)
Page: https://openlegislation.uk/draft-securitisation-regulations-2023/schedule-3/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.