The Capital Requirements Regulations 2013

Decisions: written noticesU.K.

This section has no associated Explanatory Memorandum

41.—(1) On determining an application for the grant of a permission, the [F1PRA] must give the applicant a written notice stating—

(a)its decision; and

(b)if the permission is granted, any conditions to which the permission is subject and the date on which the permission takes effect.

(2) Where the [F1PRA] varies or revokes a permission, it must give the institution concerned a written notice stating—

(a)that the permission is varied or revoked; and

(b)the date on which the variation or revocation takes effect.

(3) Where the [F1PRA] amends a condition to which a permission is subject, it must give the institution concerned a written notice stating—

(a)the amended condition; and

(b)the date on which the amendment takes effect.