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3.—(1) The Commission must give notice of the need to make a transitional application to each CSA registrant, unless that registrant’s only CSA registration is one to which paragraph (2) applies.
(2) This paragraph applies to a CSA registration in respect of which at the time the notification would otherwise be given―
(a)an application has been made for cancellation under section 15(1)(b) of the 2000 Act (applications by registered persons); or
(b)the CSA registrant comes within article 14(2).
(3) Notification sent pursuant to paragraph (1) must specify―
(a)the form in which the application must be made;
(b)what information it must contain or be accompanied by;
(c)the application date; and
(d)that the transitional application must be made to the Commission on or before the application date, in the specified form and contain or be accompanied by the specified information, in order for article 9(2) to apply.
(4) The application date must be a date that is not less than 28 days after the date on which the notification under paragraph (1) is sent.
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