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

Decision notified under section 13(7) of the Banking ActU.K.

16.—(1) Where, before commencement—

(a)the Authority has issued a decision under section 13(7) of the Banking Act to which subsection (9) of that section applies; and

(b)the time for making representations referred to in section 13(9) of that Act has not expired,

the Authority must consider any representations made pursuant to section 13(9) of that Act and may give a written notice under section 53(8) altering the restrictions.

(2) Nothing in this Order affects the period within which representations may be made in respect of that decision.

Commencement Information

I1Art. 16 in force at 1.12.2001, see art. 1(2)