Article 12 applies to a pre-implementation application if, before 7th March 2016 -

(a) the application has not been determined or withdrawn;

(b) each of the regulators has received from the authorised person concerned a notice (an "article 11 notice") specifying the controlled functions which, on and after 7th March 2016, the application is to be treated as relating to ("the notified application functions");

(c) each of the notified application functions is an equivalent function in relation to a function to which the pre-implementation application relates; and

(d) if the article 11 notice concerns the performance of a designated senior management function in relation to a relevant authorised person, it contains or is accompanied by a statement setting out the aspects of the affairs of the relevant authorised person which it is intended the person who is the subject of the notice will be responsible for managing in performing the notified application functions.