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.

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