(1) Paragraphs (2) to (5) apply if, before 1st April 2014 -
(a) the OFT had given a notice under section 33D(2) of the 1974 Act (notice of intention of OFT to impose requirements on licensee) [Inserted by the Consumer Credit Act 2006, section 41.] to a person ("A") that the OFT is minded to make a determination to impose a requirement on A under section 33A of the 1974 Act [Sections 33A to 33E inserted by the Consumer Credit Act 2006, sections 38 to 41, and amended by the Financial Services Act 2012, section 107.] or to vary or revoke a requirement imposed under section 33A of that Act,
(b) the OFT had not determined to impose a requirement on A or to vary or revoke a requirement imposed on A, and
A is a relevant person.
(2) The notice is to be treated as written notice under section 55Y(4) of the Act of a proposal by the FCA to impose a requirement on A or to vary or to cancel a requirement (except for subsections (5) and (6) of section 55Y which do not apply).
(3) The notice has effe
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