15.—(1) Where—
(a)a person was, immediately before commencement, under an obligation to notify pursuant to regulation 45(1) of the ISD Regulations or section 37A(1) of the Banking Act(1);
(b)the time for notifying had not expired before commencement; and
(c)the change in circumstances to which the obligation relates would, if it occurred after commencement place him under the obligation to notify in section 190(1),
section 190(1) applies to that person.
(2) Where—
(a)a person was, immediately before commencement, under an obligation to notify pursuant to—
(i)regulation 45(5) of the ISD Regulations;
(ii)section 37A(5) of the Banking Act;
(iii)section 62(1) of the Insurance Companies Act; or
(iv)paragraph 8(1) of Schedule 13A;
(b)the time for notifying had not expired before commencement; and
(c)the change in circumstances to which the obligation relates would, if it occurred after commencement, place him under an obligation to notify in accordance with section 190(2),
section 190(2) applies to that person.
(3) Where section 190(2) applies to a person falling within paragraph (2)(a)(i) or (ii), the period of fourteen days referred to in that section begins on the date he first became aware of the circumstances giving rise to the obligation in question.
(4) Where section 190(2) applies to a person falling within paragraph (2)(a)(iii) or (iv), the period of fourteen days referred to in that section begins at commencement.
Section 37A was inserted by the 2BCD Regulations, reg. 35.