Effect of notification pursuant to article 103U.K.
104.—(1) Where the Authority notifies the person as described in article 103(2), (3) or (4) the Authority must not refer the matter to the Financial Services Tribunal.
(2) Where the Authority notifies the person pursuant to article 103(2)(a) or (3) that it has decided to grant an application, it must grant the application as it has effect after commencement by virtue of article 3 or 4 of this Order.
(3) Where the Authority notifies the person pursuant to article 103(5) it must (as the case may be)—
(a)give the consent notice and otherwise comply with the relevant procedure set out in paragraph 19 of Schedule 3; or
(b)comply with regulation 11(5) of the Financial Services and Markets Act 2000 (EEA Passport Rights) Regulations 2001.
Commencement Information
I1Art. 104 in force at 1.12.2001, see art. 1(2)