# The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018, Regulation 31: Application of the Act to persons with interim permission


(1) This regulation applies to every person with an interim permission under regulations 29 or 30 of these Regulations.
(2) A person with an interim permission is to be treated as an authorised person for the purposes of the Act (and any provision made under the Act), unless otherwise expressly provided for by this regulation.
(3) For the purpose of section 20 of the Act (authorised person acting without permission), a person's interim permission is treated as having been given to that person by the FCA under Part 4A of the Act.
(4) The FCA may exercise its power under section 55L(1) of the Act (imposition of requirements by FCA) in relation to a person treated as having been given permission under regulations 29 or 30, as if the person had applied for the permission.
(5) For the purpose of section 55L(2) of the Act, a person's interim permission is treated as having been given to that person by the FCA.
(6) A person's interim permission is to be disregarded for the purposes of the following sections of the Act—
(a) section 38(2) (exemption orders);
(b) section 55A(3) (application for permission);
(c) section 55E (giving permission: the FCA);
(d) section 55F (giving permission: the PRA).

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Source: https://www.legislation.gov.uk/uksi/2018/135/regulation/31 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-benchmarks-regulations-2018/regulation-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.