(1) Any requirement, condition or prohibition imposed before commencement by or under any of the provisions specified by paragraph (3) is to be treated as a relevant requirement for the purposes of section 380(2) and section 382.

(2) An application under section 380(2) or 382 in relation to a contravention of a requirement mentioned in paragraph (1) may be made only by the FCA or the PRA and only if the contravention occurred before commencement and, in relation to such an application -

(a) section 380(2) has effect subject to paragraphs (4) to (6); and

(b) section 382 has effect subject to paragraphs (7) to (12).

(3) The provisions specified by this paragraph are -

(a) section 3 of the Financial Services Act (prohibition on carrying on investment business without being authorised or exempt);