GEN TP 1 Transitional provisions

54

GEN 6.14

R

4GEN 6.1 does not:

(1) apply to an unamended contract of insurance, first entered into on or before 24 July 2003; or

(2) prohibit a firm from claiming on, or making a payment under, a contract of insurance:

(a) in connection with a financial penalty imposed by the FSA pursuant to a warning notice issued before 25 July 2003; or

(b) first entered into between 25 July 2003 and 31 December 2003 in respect of a financial penalty imposed by the FSA by a final notice issued on or before 31 December 2003.

(For these purposes only, a contract of insurance will be regarded as unamended if:

(i) it was amended on or before 24 July 2003; or

(ii) it was amended after 24 July 2003, but the amendments did not affect the duration or scope of any indemnity against a financial penalty imposed by the FSA under the Act.)

4From 1 January 2004

41 January 2004

911

GEN 5 Annex 1 G

G

A firm may continue to use a Key facts logo which is not accompanied by a regulatory mark (®).

From 6 November 2006 to 6 November 2007

6 November 2006

1210

GEN 4.3.1 R

R

(1) For the purpose of this rule, a regulated activity does not include a home purchase activity or home reversion activity.

(2) If a firm in a letter (or electronic equivalent) which it or its employees send to a customer, with a view to or in connection with the firm carrying out a home purchase activity or a reversion activity, makes a statement about its statutory or regulated status under the Act for carrying on that regulated activity, the firm must include the disclosure in GEN 4 Annex 1 R in that letter.

From 6 April 2007 for six months

6 April 2007

1611

GEN 4.5

R

(1) A firm is not required to comply with GEN 4.5.

(2) In relation to the regulated activity of accepting deposits, an incoming EEA firm may not rely on this transitional rule and must comply with GEN 4.5.

From 31 October 2008 to 30 September 2009.

31 October 2008.

1612

GEN 4 Annex 1 R

R

(1) A firm may comply with GEN 4 Annex 1 R as in force on 30 October 2008.

(2) In relation to the regulated activity of accepting deposits, an incoming EEA firm may not rely on this transitional rule and must comply with GEN 4.5.

From 31 October 2008 to 30 September 2009.

31 October 2008.

2013

GEN 4.3.1 R, GEN 4 Annex 1 R and GEN 4 Annex 1A

R

A firm may comply with GEN 4.3.1 R and GEN 4 Annex 1 R as in force on 31 March 2013.

From 1 April 2013 till 1 April 2014

1 April 2013

2014

GEN 4.5.3 R and GEN 4.5.4 R

R

A firm can continue to make statements about authorisation and regulation by the FSA as long as such statements would not have breached GEN 4.5.3 R and GEN 4.5.4 R if made on 31 March 2013.

From 1 April 2013 till 1 April 2014

1 April 2013