Article 40

1. Paragraphs 2 and 3 apply to every person with an interim permission.

2. For the purposes of section 20 (authorised persons acting without permission), a person's interim permission is treated as having been given to him under Part 4 of the Act.

3. A person's interim permission is to be disregarded for the purposes of -

(a) section 38(2) (exemption orders);

(b) section 40(2) (application for permission);

(c) subject to paragraph 7, section 42 (giving permission);

(d) section 43 (imposition of requirements); and

(e) section 44(1), (4) and (5) (variation etc at request of authorised person).

4. Paragraphs 5(1) and 6 to 10 apply to a person who falls within section 31(1) (authorised persons) by virtue only of having an interim permission.

5.