58.—(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.