# The Financial Services and Markets Act 2000 (Transitional Provisions) (Partly Completed Procedures) Order 2001, Article 20: Notices under the ISD Regulations or the 2BCD Regulations

Extent: E+W+S+N.I.

(1) Where, before commencement—
(a) the Authority has given notice—
(i) under paragraph 1(1)(a) of Schedule 4 to the ISD Regulations of its intention to impose a prohibition under regulation 9 of those Regulations; or
(ii) under paragraph 1(1)(a) of Schedule 4 to the 2BCD Regulations of its intention to impose a prohibition under regulation 15 of those Regulations;
(b) the period within which the case could be required to be referred to the Financial Services Tribunal has not expired; and
(c) no such reference has been required,
the notice has effect after commencement as if it were a notice given under section 197(3) that the Authority proposes to impose a requirement that the authorised person refrain from carrying on the regulated activity or activities covered by the notice.
(2) Where, before commencement—
(a) the Authority has given a notice under paragraph 2(1) of Schedule 3 to the 2BCD Regulations;
(b) the Authority has not given a notice under paragraph 2(7) of that Schedule (and is not treated as having given such a notice by reason of paragraph 2(9) of that Schedule),
the notice has effect after commencement as if it were a notice given under section 197(3) that the Authority proposes to impose a requirement on the authorised person to the same effect as the prohibition or restriction proposed in the notice.

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Source: https://www.legislation.gov.uk/uksi/2001/3592/article/20 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-partly-completed-procedures-order-2001/article-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.