PART 3Notifications

Effect and cessation of notifications13.

(1)

A notification has effect from the date on which SEPA informs the authorised person that it has been placed on the register.

(2)

A notification ceases to have effect on—

(a)

the date the notification is surrendered; or

(b)

the date, if any, of which the authorised person was informed under regulation 12(5)(b)(ii) as being the date on which the notification ceases to have effect.