(1) This article applies where -

(a) a person ("A") has submitted to the Authority a completed request to carry on activity of the kind specified by any of the following articles of the Principal Order (as amended by this Order) -

(i) article 25E (arranging regulated sale and rent back agreements);

(ii) article 53D (advising on regulated sale and rent back agreements);

(iii) article 63J (entering into and administering regulated sale and rent back agreements); or

(iv) article 64 (agreeing to carry on specified kinds of activity), so far as relevant to any of the above activities;

(b) A -

(i) has carried on such activity before 1st July 2009 and the Authority has received the request on or before 1st August 2009; or

(ii) is an authorised person with a Part 4A permission.

(2) A is to be treated as having, on 1st July 2009, a Part 4A permission to carry on the activity to which the request relates.

(3) A permission which A is to be treated as having is referred to in this Order as an "interim permission".