Transitional Provisions
LR TR 1
Transitional Provisions for Sponsors
| (1) | (2) Material to which the transitional provision applies | (3) | (4) Transitional provision | (5) Transitional provision: dates in force | (6) Handbook provision: coming into force |
| 1 | LR 8.6.2 | R | (1) A person that is approved as a sponsor and whose name is included on the list of sponsors immediately prior to LR 8.6 coming into force need not apply to the FSA under LR 8.6.2 R if it: (a) has reasonable grounds for concluding that it complies with LR 8.6; and(b) notifies the FSA of this in writing. | From 1 July 2005 | 1 July 2005 |
| (2) The notification required by paragraph (1)(b) must: (a) provide the same information that is required by the Sponsor Firm Application Form and the Sponsor Employee Application Form; and(b) be submitted to the FSA by no later than the 31 July, 2005. | |||||
| 2 | G | A person may use the Sponsor Firm Application Form and the Sponsor Employee Application Form to provide the information required by TR 1(2)(a). | |||
| 3 | G | If a person that is approved as a sponsor and whose name is included on the list of sponsors immediately prior to these rules coming into force: (a) does not notify the FSA of its compliance with LR 8.6 in accordance with TR 1(2) ;(b) and it wants to provide services as a sponsor and be included on the list of sponsors; it will need to apply to the FSA in accordance with LR 8.6.2 R. |
- 01/07/2005