F1PART 6Transitional and saving provision: limited permission to carry on a regulated activity

Annotations:
Amendments (Textual)

CHAPTER 5Savings

Requirements imposed by a home state regulator45

1

This regulation applies in respect of a person to whom regulation 28 or 34 applies by virtue of the conditions in regulation 30 or 36.

2

A requirement imposed by a home state regulator and which has effect immediately before exit day continues to have effect on and after that day 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.

3

The requirement only has effect in so far as it could have been imposed by a regulator under those sections.