Citation and commencement

1. These Regulations may be cited as the Financial Services and Markets Act 2000 (Service of Notices) (Amendment) Regulations 2005, and come into force on 6th April 2005.

Amendment of the Financial Services and Markets Act 2000 (Service of Notices) Regulations 2001

2. After paragraph (2) in regulation 6 (deemed service) of the Financial Services and Markets Act 2000 (Service of Notices) Regulations 2001( 2 ), insert—

“ (3) Where—

(a) a notice given under section 53(4) (exercise of own-initiative power: procedure) of the Act states that a variation of an authorised person’s Part IV permission takes effect immediately,

(b) a notice given under section 78(2) (discontinuance or suspension: procedure) of the Act states that a discontinuance or suspension of the listing of any securities takes effect immediately, or

(c) a notice given under section 259(3) (procedure on giving directions under section 257 and varying them on Authority’s own initiative) of the Act, or under regulation 27 (procedure on giving directions under regulation 25 and varying them on Authority’s own initiative) of the Open-Ended Investment Companies Regulations 2001 ( 3 ) states that a direction to which it relates takes effect immediately,

that notice is to be treated as having been received at the time it is in fact received if that is earlier than the day on which paragraph (1) would otherwise require it to be treated as having been received. ” .