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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 April 2014 - onwards
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Article 31 Applications for a standard licence where no determination made before 1st April 2014

(1) Paragraphs (3) to (9) apply if, before 1st April 2014 -

(a) the OFT received an application under section 24A of the 1974 Act (applications for standard licences) [Section 24A was inserted by the Consumer Credit Act 2006, section 28.] for a standard licence,

(b) the applicant ("A") had not withdrawn the application, and

(c) the OFT had not determined whether to issue a licence in accordance with the application.

(2) It is immaterial for the purposes of this article whether the OFT had, before 1st April 2014, given notice to A under section 27 of the 1974 Act (determination of applications) [Section 27 was amended by the Enterprise Act 2002, Schedule 25, paragraph 6(9).] that the OFT was minded to refuse A's application.

(3) The application is to be treated as if it had been made to the appropriate regulator -

(a) if A is an authorised person, and the appropriate regulator is the PRA, under section 55I of the Act (variation by PRA at request of authorised person) [Section 55I was in

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