Article 10 Rescission and variation of requirements

(1)

Paragraph (2) applies if, before the commencement date, the Authority—

(a)

had received an application under section 200(1)^f1 (rescission and variation of requirements); and

(b)

had not—

(i)

rescinded or varied the requirement, or

(ii)

given a warning notice that it proposed to refuse the application.

(2)

The application is to be treated as if it had been received by the PRA if the applicant is, on the commencement date, a PRA-authorised person.

Annotations

f1: Section 200 is amended by the 2012 Act, Schedule 4, Part 4, paragraph 41.