# The Financial Services and Markets Act 2000 (Transitional Provisions) (Partly Completed Procedures) Order 2001, Article 6: Notice of intention to refuse application for authorisation under the Banking Act

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

(1) Where, before commencement—
(a) a notice has been given under section 10(2) of the Banking Act of intention to refuse an application under section 8 of that Act; but
(b) no notice has been given under section 10(1) or (5) of that Act,
the notice ceases to have effect on commencement and the Authority must, as soon as practicable after commencement, notify the applicant (and any person to whom a copy of the notice was given under section 10(3)) of that fact.
(2) Paragraph (1) does not affect the power of the Authority to serve a notice under section 52(7) in respect of the application (as effective by virtue of article 3).

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Source: https://www.legislation.gov.uk/uksi/2001/3592/article/6 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-partly-completed-procedures-order-2001/article-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.