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Paragraph 63 F1

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The Treasury may by regulations extend the period under section 55V(1) or (2) for determining an application which—

(a)

is for a Part 4A permission or a variation of a Part 4A permission, and

(b)

relates only to the carrying on of an activity which the applicant is carrying on in the United Kingdom by virtue of this Part of this Schedule.

(2)

The power under sub-paragraph (1) includes power to amend section 55V.

(3)

The Treasury may by regulations extend the period for consideration of an application which—

(a)

is for approval under section 59 or variation of approval under section 59, and

(b)

relates only to performance of a function in relation to the carrying on of an activity which the applicant is carrying on in the United Kingdom by virtue of this Part of this Schedule.

(4)

The power under sub-paragraph (3) includes power to amend sections 61 and 63ZA.

Annotations

Textual amendments

F1

Sch. 2A inserted (1.9.2023 for specified purposes) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 6 (as amended (1.1.2024) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 (S.I. 2023/1424), reg. 1(2), Sch. para. 100(3)(b)); S.I. 2023/934, reg. 2(a)