Section 3N Revocation of directions under section 3MF1
(1)
The supervising regulator may at any time by notice to the other regulator revoke a direction under section 3M.
(2)
The revocation of the direction does not affect the validity of anything previously done in accordance with it.
(3)
Expressions defined for the purposes of section 3M have the same meaning in this section.
Annotations
Textual amendments
- F1
Pt. 1A substituted for Pt. 1 (24.1.2013 for specified purposes, 19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 6(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c)(2), Sch. Pts. 2, 3, 4; S.I. 2013/423, art. 3, Sch.