The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 No. 1385

PART 2 U.K. Transitional and saving provisions concerning the SFT Regulation

CHAPTER 1 U.K. Advance applications

Effect of determining an advance application U.K.

5.  A decision in respect of an advance application under regulation 4(3) has effect from—

(a) the day of notification, or

(b) IP completion day,

whichever is later, as if it were a decision to register or refuse registration adopted in accordance with Article 7 of the SFT Regulation.

Commencement Information

I1 Reg. 5 in force at 27.11.2020, see reg. 1(2)