PART 3Transitional provisions
CHAPTER 2Authorisation and regulation of 2006 Act authorised persons
Notice by the Regulator of proposed direction49
1
This article applies where the Regulator—
a
notified a relevant person under regulation 29(4) of the 2006 Regulations83 (directions of the Regulator about complaints handling and related matters) of a direction that the Regulator proposed to give under paragraph (3) of that regulation; and
b
on 1st April 2019, has not given the proposed direction.
2
The Regulator’s notice is to be treated as written notice given by the FCA under section 55Y(4) of the 2000 Act, and for this purpose—
a
subsection (2) of that section does not apply to the notice;
b
the notice is taken to comply with subsection (5) of that section; and
c
the notice is to be read—
i
as if a reference to the Regulator were a reference to the FCA; and
ii
with any other necessary modifications.