The Capital Requirements Regulations 2013

Transitional provision for matters done before commencementU.K.

This section has no associated Explanatory Memorandum

44.—(1) This regulation applies to a decision made before 1st January 2014 to—

(a)refuse an application for the grant of a permission;

(b)vary or revoke a permission; or

(c)amend a condition to which a permission is subject.

(2) Regulations 40 to 43 apply to such a decision with the following modifications—

(a)omit regulation 40;

(b)the appropriate regulator must comply with the requirements of regulations 41 and 43 in relation to the decision no later than 1st January 2014; and

(c)regulation 42 applies to the decision, but with the period of time within which a reference may be made to the Tribunal commencing on 1st January 2014.