{
  "url": "https://openlegislation.uk/financial-services-banking-reform-act-2013-transitional-and-savings-provisions-order-2015/article-3",
  "json_url": "https://openlegislation.uk/financial-services-banking-reform-act-2013-transitional-and-savings-provisions-order-2015/article-3.json",
  "legislation": "uksi/2015/492",
  "legislation_title": "The Financial Services (Banking Reform) Act 2013 (Transitional and Savings Provisions) Order 2015",
  "legislation_url": "https://openlegislation.uk/financial-services-banking-reform-act-2013-transitional-and-savings-provisions-order-2015",
  "path": "article/3",
  "kind": "article",
  "number": "3",
  "heading": "Conditions for continuation of an approval",
  "text": "In relation to a pre-implementation approval, the conditions for continuing approval are that—\n(a) the pre-implementation approval has not been withdrawn before 7th March 2016; and\n(b) in relation to each notified function specified in an article 2 notice concerning the person (“P”) to whom the pre-implementation approval has been given—\n(i) on the notification date P is performing a function which falls within the description of that notified function; and\n(ii) immediately before 7th March 2016 P is continuing to perform that function.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 3 in force at 26.3.2015, see art. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/492/article/3",
    "retrieved_at": "2026-10-28T23:44:55.814883+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}