PART 3 Transitional and saving provision

CHAPTER 1 Advance applications

8 Effect of determining an advance application
A decision in respect of an advance application under regulation 7(3) has effect from—
(a) the day of notification, or
(b) exit day,
whichever is later, as if it were a decision to register or refuse registration adopted in accordance with Article 58 of the European Markets Infrastructure Regulation (notwithstanding provision in Chapter 1 of Title 6 of that Regulation in respect of when a decision has effect).