The Financial Services and Markets Act 2000 (Transitional Provisions) (Partly Completed Procedures) Order 2001

Adaptation of dates and duration of periods in notices continued in effect

90.—(1) A notice given before commencement may specify a new date by or on which, or a new period within or for which—

(a) representations may be made to the Authority;

(b) action will be taken by the Authority;

(c) a requirement will be imposed or a condition take effect;

(d) action must be taken by the recipient of the notice; or

(e) certain conduct on the part of the recipient must cease,

if commencement occurs before the corresponding original date occurs or the corresponding original period elapses.

(2) Where a notice provides a new date or period as mentioned in paragraph (1), then if—

(a) commencement occurs before the corresponding original date occurs or period elapses; and

(b) the notice has effect after commencement as a notice given under the Act,

that new date or period takes effect and replaces the original date or original period (if any).

(3) For the purposes of this article, an “original date” or “original period” is the relevant date or period which would have applied but for the repeal or revocation of the provision under which the notice was originally given.

(4) When specifying a new period for the purposes of this article, the person giving the notice must specify a period starting with commencement.