The Financial Services and Markets Act 2000 (Transitional Provisions) (Controllers) Order 2001

Notices of control: supplementary

4.—(1) Where the Regulator has served a request for information or documents on a person who has served a notice of control having effect under article 3 and that request has not been complied with before commencement, the request is to be treated after commencement as if it had been made by the Authority under section 182(2) and as if it required the information or documents to be provided to the Authority.

(2) In relation to a notice of control having effect under article 3, the period of consideration for the purposes of section 183—

(a) is three months beginning with the date on which the Regulator received the notice; but

(b) is treated as having been extended by any period added before commencement by virtue of—

(i) regulation 41(4) or 42(6) of the ISD Regulations;

(ii) section 21(4) or 22(7) of the Banking Act;

(iii) paragraph 1(3) or (6) of Schedule 2D;

(iv) paragraph 3(3) or (6) of Schedule 13A; or

(v) article 6(3) below.