Article 8 Variation or cancellation on initiative of regulatorI1

For the purposes of section 55J(1)(b) (variation or cancellation on initiative of regulator), the period of 12 months may include any period prior to the commencement date which at that time would have been counted as part of the period referred to in section 45(1)(b).

For the purposes of section 55K(1)(a) (investment firms: particular conditions that enable cancellation), the period of 6 months may include any period prior to the commencement date which at that time would have been counted as part of the period referred to in section 45(2A)(a).