Article 7 Application of the Act to persons with an interim permission or an interim approval.

(1)

This article applies to every person with interim permission.

(2)

For the purpose of section 20 (authorised persons acting without permission), a person’s interim permission is treated as having been given to him under Part 4 of the Act.

(3)

A person’s interim permission is to be disregarded for the purposes of—

(a)

section 38(2) (exemption orders);

(b)

section 40(2) (application for permission);

(c)

subject to article 8(4), section 42 (giving permission);

(d)

section 43 (imposition of requirements); and

(e)

section 44(1), (4) and (5) (variation etc. at request of authorised person).