Notification of ESMA
This section has no associated Explanatory Memorandum
11.—(1) Paragraph (2) applies if, before the commencement date, the Authority—
(a)was required under section 54A(1) (notification of ESMA) to notify the European Securities and Markets Authority that it had given or cancelled a permission; and
(b)had not so notified the European Securities and Markets Authority.
(2) Section 55Z1(2) (notification of ESMA) applies as if it required the FCA to notify the European Securities and Markets Authority of the giving or cancellation of the permission (as the case may be).
(1)
Section 54A was inserted by S.I. 2012/916 and is substituted by the 2012 Act, section 11.
(2)
Section 55Z1 is substituted by section 11.