8. 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).