OpenLegislation

Article 13 Modifications to relevant arrangements relating to certain regulatory permissions, &c.

Original text. Later amendments are not shown.

(1)

The provisions of relevant arrangements specified in paragraph (2) have no effect.

(2)

The provisions are—

(a)

any provision requiring ACo to hold, or represent or warrant that it holds, a relevant regulatory permission, or

(b)

any provision which provides for any default event consequence, should ACo cease to hold a relevant regulatory permission or should any relevant regulatory permission of ACo be varied.

(3)

A “relevant regulatory permission” means a regulatory permission to carry out a regulated activity specified in Schedule 4.