PART 10Notices

CHAPTER 1Transfer elections

Suspension of permission to carry on regulated activities etc23

1

Paragraph (2) applies if, before the commencement date—

a

the Authority had, under section 206A—

i

suspended a permission, or

ii

imposed a limitation or a restriction,

for such period as it considered appropriate;

b

the period had not expired; and

c

the Authority had not withdrawn the suspension, limitation or restriction.

2

The FCA may make a transfer election (see article 24) in relation to the suspension, limitation or restriction.