LR TR 1 Transitional Provisions for Sponsors

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.