Article 8 Application of section 62A to a statement provided under article 2(3)(c)I1

United Kingdom

Where by virtue of article 2(4) a pre-implementation approval given in relation to a person continues to have effect on and after 7th March 2016 as an approval for the person to perform a designated senior management function in relation to the carrying on of a regulated activity by a relevant authorised person, section 62A (changes in responsibilities of senior managers)^f1 has effect in relation to the authorised person concerned, but as if—

(a)

subsection (1) were omitted,

(b)

the reference in subsection (2) to the granting of the application were a reference to 7th March 2016, and

(c)

the reference in that subsection to a statement of responsibilities included a reference to a statement under article 2(3)(c).

Annotations

Commencement

I1: Art. 8 in force at 26.3.2015, see art. 1(1)

Footnotes

f1: Section 62A is inserted by the 2013 Act (c. 33), section 24.