{
  "url": "https://openlegislation.uk/financial-markets-and-insolvency-amendment-and-transitional-provision-eu-exit-regulations-2019/regulation-16",
  "json_url": "https://openlegislation.uk/financial-markets-and-insolvency-amendment-and-transitional-provision-eu-exit-regulations-2019/regulation-16.json",
  "legislation": "uksi/2019/341",
  "legislation_title": "The Financial Markets and Insolvency (Amendment and Transitional Provision) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/financial-markets-and-insolvency-amendment-and-transitional-provision-eu-exit-regulations-2019",
  "path": "regulation/16",
  "kind": "regulation",
  "number": "16",
  "heading": "Effect of acknowledgment of notification",
  "text": "(1) Where P has made a notification under paragraph (1) of regulation 15, which has been acknowledged by the designating authority in accordance with paragraph (3) of regulation 15, S is a temporarily designated system.\n(2) Subject to regulation 17, a temporarily designated system has temporary designation, from IP completion day to the end of the temporary designation period.\n(3) Regulations 5 (fees) and 10 (provision of information by designated systems) of the 1999 Regulations do not apply to a temporarily designated system until such time as it makes an application under regulation 3 (application for designation) of the 1999 Regulations.\n(4) The designating authority must publish on its website a list of temporarily designated systems.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 16(2) inserted (1.7.2021) by The Financial Markets and Insolvency (Transitional Provision) (EU Exit) (Amendment) Regulations 2021 (S.I. 2021/782), regs. 1(2), 2(2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 16 substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 13(c)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 16 in force at 22.2.2019, see reg. 1(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/341/regulation/16",
    "retrieved_at": "2026-10-28T22:46:48.004590+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}