# The Financial Services Act 2012 (Transitional Provisions) (Enforcement) Order 2013, 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) (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(i) rescinded or varied the requirement, or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.

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Source: https://www.legislation.gov.uk/uksi/2013/441/article/10 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012-transitional-provisions-enforcement-order-2013/article-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.