OpenLegislation

Paragraph 14 I1I2

Section 34 (when it becomes clear that authorisation is not to be withdrawn) has effect as if—

(a)

in subsection (1)—

(i)

after “2” there were inserted “ or 2A ”;

(ii)

after “withdrawn” there were inserted “ or refused ”;

(b)

in the table in subsection (3), in the first column (triggering event) for “Item 1 or 2” (in both places) there were substituted “ Item 1 or 2 or 2A (decision to refuse to authorise existing Master Trust scheme) ”;

(c)

in that table, in the first row for item 1 or 2 or 2A, in the second column (circumstances)—

(i)

in point 1, after “determination” there were inserted “ or decision ”;

(ii)

in point 2, after “withdrawn” there were inserted “ or refused ”;

(d)

in that table, in the second row for item 1 or 2 or 2A, in the second column (circumstances), in point 2, after “withdrawn” there were inserted “ or refused ”;

(e)

in subsection (4), at the end there were inserted—

“(c)

section 6(2), in a case where that section applies.”;

(f)

in the section heading, at the end there were inserted “or refused”.

Annotations

Commencement

I1

Sch. 2 para. 14 in force at 5.9.2018 for specified purposes by S.I. 2018/965, reg. 2(a)

I2

Sch. 2 para. 14 in force at 1.10.2018 in so far as not already in force by S.I. 2018/965, reg. 2(b)