Notice of intention to refuse application for authorisation under the Banking ActU.K.
6.—(1) Where, before commencement—
(a)a notice has been given under section 10(2) of the Banking Act of intention to refuse an application under section 8 of that Act; but
(b)no notice has been given under section 10(1) or (5) of that Act,
the notice ceases to have effect on commencement and the Authority must, as soon as practicable after commencement, notify the applicant (and any person to whom a copy of the notice was given under section 10(3)) of that fact.
(2) Paragraph (1) does not affect the power of the Authority to serve a notice under section 52(7) in respect of the application (as effective by virtue of article 3).
Commencement Information
I1Art. 6 in force at 1.12.2001, see art. 1(2)