Paragraph 9 Notice of intention

(1)

A person in relation to whom paragraph 2 applies must, before the end of the 12 months beginning with the day on which F1IP completion day falls, notify the FCA—

(a)

whether the person or a member of the person's immediate group, as defined by section 421ZA of the 2000 Act, intends to apply under regulation 5 of EMR 2011, and

(b)

whether the person intends to cease at or before the end of the transition period to provide in the United Kingdom the services to which the transitional authorisation relates.

(2)

The person must notify the FCA within a reasonable time of any change in an intention previously notified.

Annotations

Textual amendments

F1: Words in Sch. 3 para. 9 substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 8(2)(e)