Article 12 Relevant applicationsI1

United Kingdom

(1)

In relation to a relevant application, the FCA, may by direction specify the date on or after which a relevant application may be made, provided that date is before the regulatory commencement date.

(2)

A direction given under this article may—

(a)

specify different dates for different persons or classes of person or for different descriptions of activities;

(b)

impose different requirements for different circumstances or different categories of application;

(c)

be amended, substituted or revoked by a further direction.

(3)

The last date on which a relevant application may be made (“the last application date”) is the day six months after the regulatory commencement date.

(4)

Subject to article 11(5), a relevant application made before any date specified by a direction given in accordance with paragraph (1) is to be treated as if it had not been made.

Annotations

Commencement

I1: Art. 12 in force at 15.7.2025 for specified purposes and 15.7.2026 in so far as not already in force, see art. 1(2)(3)