PART 4 Transitional provisions: temporary exclusion from general prohibition

Procedure, etc.

13 Notification by a person carrying on activities to which regulation 11 applies
1 A relevant incoming provider who is carrying on any activity to which regulation 11 applies must, as soon as reasonably practicable following commencement day, notify the FCA that the provider is carrying on that activity.
2 A notification under paragraph (1) must—
(a) be made in such manner, and
(b) contain, or be accompanied by, such information,
as the FCA may direct.

14 Information to be supplied by a relevant incoming provider
1 A relevant incoming provider who is carrying on an activity to which regulation 11 applies must notify the FCA—
(a) where the provider is authorised, under the law of the provider’s home state, to carry on an activity which is regulated by the provider’s home state regulator, if—
(i) an authorisation by that regulator is varied, or is to be varied;
(ii) an authorisation by that regulator is cancelled;
(b) if the provider becomes the subject of a criminal investigation or criminal proceedings;
(c) if the provider is one in relation to whom an insolvency event occurs.
2 A notification under paragraph (1) must be made as soon as reasonably practicable following the day on which it comes to the provider’s attention that an event referred to in that paragraph has occurred.
3 The notification must—
(a) be made in such manner, and during such period, and
(b) contain, or be accompanied by, such information,
as the FCA may direct.
4 In this regulation “insolvency event” has the meaning given in regulation 54 of the 2018 Regulations.