(1) In relation to a pre-implementation application -

(a) if the application is received by the appropriate regulator within the meaning of section 60(9) (applications for approval) [Section 60(9) was added, together with subsections (7) and (8) by the Financial Services Act 2012 (c.81), Schedule 5, paragraphs 1, 4.] on or before the rule-making date, the period for consideration referred to in section 61(3A) (determination of applications) [Section 61(3A) was inserted by the Financial Services Act 2012 (c.21), Schedule 5, paragraphs 1, 5.] for that application is suspended from the day after the rule-making date until the condition in article 11(b) is met in relation to that application;