# The Financial Services (Banking Reform) Act 2013 (Transitional and Savings Provisions) Order 2015, Article 3: Conditions for continuation of an approval

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

In relation to a pre-implementation approval, the conditions for continuing approval are that—
(a) the pre-implementation approval has not been withdrawn before 7th March 2016; and
(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—
(i) on the notification date P is performing a function which falls within the description of that notified function; and
(ii) immediately before 7th March 2016 P is continuing to perform that function.

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Source: https://www.legislation.gov.uk/uksi/2015/492/article/3 (the official version)
Page: https://openlegislation.uk/financial-services-banking-reform-act-2013-transitional-and-savings-provisions-order-2015/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.