PART 3Transitional provisions
CHAPTER 2Authorisation and regulation of 2006 Act authorised persons
Continuation of criminal proceedings instituted by the Regulator58
1
This article applies to criminal proceedings (“relevant proceedings”) which—
a
were instituted by the Regulator under section 8(3)(b) of the 2006 Act in respect of an offence under section 7(1), 10(1) or 11(1) or (2) of that Act; and
b
on 1st April 2019, have not been concluded by acquittal or upon conviction and sentencing.
2
The FCA may continue the prosecution of the defendant in relevant proceedings, and is for that purpose substituted for the Regulator as a party to the proceedings.