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Changes over time for: Section 41
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Version Superseded: 01/01/2022
Status:
Point in time view as at 27/11/2020. This version of this provision has been superseded.
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Changes to legislation:
The Capital Requirements Regulations 2013, Section 41 is up to date with all changes known to be in force on or before 13 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Decisions: written noticesU.K.
This section has no associated Explanatory Memorandum
41.—(1) On determining an application for the grant of a permission, the appropriate regulator must give the applicant a written notice stating—
(a)its decision; and
(b)if the permission is granted, any conditions to which the permission is subject and the date on which the permission takes effect.
(2) Where the appropriate regulator varies or revokes a permission, it must give the institution concerned a written notice stating—
(a)that the permission is varied or revoked; and
(b)the date on which the variation or revocation takes effect.
(3) Where the appropriate regulator amends a condition to which a permission is subject, it must give the institution concerned a written notice stating—
(a)the amended condition; and
(b)the date on which the amendment takes effect.
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