(1)This section applies in relation to an order under section 62(1)(c) (cancellation of Board’s designation as an approved regulator).
(2)Where such an order is made, section 46 (other than subsection (4)(b)) and section 47 (transfer arrangements etc on cancellation of approved regulator’s designation) apply in relation to the Board and relevant authorised persons as they apply to an approved regulator whose designation is cancelled under section 45 and persons authorised by that approved regulator to carry on activities which are reserved legal activities.
(3)In this section “relevant authorised persons” has the same meaning as in section 64.