Article 6 Preliminary notice of objection to notice of control
(1) Where, before commencement, a preliminary notice was served on a person in relation to a notice to which article 3 applies, but no notice of objection was served by the Regulator in respect of that preliminary notice, then the preliminary notice ceases to have effect on commencement and the Authority must, as soon as practicable after commencement, notify any recipient of the notice of that fact.
(2) For the purposes of paragraph (1), a "preliminary notice" is a notice served under -
(a) regulation 42(3) of the ISD Regulations;
(b) section 22(2) of the Banking Act;
(c) section 61(2) of the Insurance Companies Act (including as applied by section 61A(3) of that Act);