PART 3Transitional and saving provision: applications for permission to carry on a regulated activity
CHAPTER 6Savings
Requirements imposed by a home state regulator19
1
A requirement imposed by a home state regulator and which has effect immediately before F1IP completion day continues to have effect on and after that day in respect of a person to whom regulation 8 or 11 applies as if it were imposed by a regulator under—
a
section 55L (imposition of requirements by FCA) of the 2000 Act, or
b
section 55M (imposition of requirements by PRA) of that Act.
2
The requirement only has effect in so far as it could have been imposed by a regulator under those sections.