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The Financial Services and Markets Act 2000 (Scope of Permission Notices) Order 2001
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Amendment of earlier provisions
5.—(1) The Financial Services and Markets Act 2000 (Miscellaneous Provisions) Order 2001(1) is amended as follows.
(2) In article 29 for paragraphs (2) and (3) substitute—
“(2) Where this article applies if the person does not, on or before 4 January 2002, notify the Authority that he objects to the revision notice, then article 57(1) of the Authorised Persons Order applies as if—
(a)the reference to the scope of permission notice in that article were to the scope of permission notice as revised by the revision notice; and
(b)the person had agreed to that notice as so revised.
(3) If the person notifies the Authority on or before 4 January 2002 that he objects to the revision notice, then article 57(1) of the Authorised Persons Order applies as if the revision notice had not been sent.”.
(3) In article 30 for paragraphs (2) and (3) substitute—
“(2) Where this article applies if the person does not, on or before 4 January 2002, notify the Authority that he objects to the revision notice, then article 57(1) of the Authorised Persons Order applies as if—
(a)the reference to the scope of permission notice in that article were to the scope of permission notice as revised by the revision notice; and
(b)the person had agreed to that notice as so revised.
(3) If the person notifies the Authority on or before 4 January 2002 that he objects to the revision notice, then article 57(1) of the Authorised Persons Order applies as if the revision notice had not been sent”.
(1)
S.I. 2001/3650.
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