PART 5 Transitional provisions relating to existing licences and applications

33 Applications for European licences made before exit day
1 Paragraphs (2) and (3) apply in relation to any application made to the ORR before exit day for a European licence under the 2005 Regulations but not determined before exit day.
2 Subject to paragraph (3), on and after exit day the application is to be treated as an application for a railway undertaking licence and the 2005 Regulations (as amended by these Regulations) apply accordingly.
3 Any act in relation to the application that has effect immediately before exit day continues to have effect in relation to the application on and after exit day.