In relation to a pre-implementation approval, the conditions for continuing approval are that -

(a) the pre-implementation approval has not been withdrawn before 7th March 2016; and

(b) in relation to each notified function specified in an article 2 notice concerning the person ("P") to whom the pre-implementation approval has been given -

(i) on the notification date P is performing a function which falls within the description of that notified function; and

(ii) immediately before 7th March 2016 P is continuing to perform that function.