PART 3Applications for approval for particular arrangements
Continuation of an application to perform controlled functions12
1
A pre-implementation application to which this article applies is to be treated, on and after 7th March 2016, as if it had been made—
a
for approval to perform the notified functions, and
b
to the appropriate regulator.
2
Paragraph (3) of this article applies if, in relation to the application, either regulator has before 7th March 2016—
a
imposed a requirement under section 60(2)(b) (application for approval)28;
b
given a warning notice under section 62(2) (applications for approval: procedure and right to refer to tribunal)29 or a decision notice under section 62(3) to the interested parties referred to in section 62(5); or
c
taken any step in connection with giving a warning notice or decision notice under section 62.
3
The requirement, notice or step is to be treated, on and after 7th March 2016, as having been imposed, given or taken—
a
in relation to the application as affected by paragraph (1); and
b
by the appropriate regulator.
4
Nothing in this article alters the day on which a warning notice or a decision notice is to be treated as having been given to the interested parties.
5
Paragraph (1) of this article applies whether or not a regulator has given to the authorised person concerned a warning notice or a decision notice under section 62 before 7th March 2016 in relation to an application under section 60.