The Financial Services and Markets Act 2000 (Interim Permissions) Order 2001

Transitional provision

11.—(1) The following transitional provisions apply until the relevant date.

(2) In sections 45, 46, 47, 48, 50, 52, 53, 54 and 55 (variation of Part IV permissions etc) sections 56 and 60 (performance of regulated activities) and section 148 (modification or waiver of rules)—

(a)the references to an authorised person are to be read as references to a Relevant Applicant; and

(b)references to Part IV permissions are to be read as references to interim permissions even though not yet in force.