(1) An order under regulation 4 or a variation of an order under regulation 5(2) takes effect -

(a) immediately, if the notice given under paragraph (3) or regulation 5(3) states that that is the case, or

(b) on such date as may be specified in the notice.

(2) An order under regulation 4 may be expressed to take effect immediately only if the FCA, having regard to the ground on which it is exercising its power under regulation 4, reasonably considers that it is necessary for the order to take effect immediately.

(3) If the FCA -

(a) proposes to make an order under regulation 4,

(b) proposes to increase the period of a suspension under regulation 5(2),

(c) makes an order under regulation 4 with immediate effect, or

(d) increases the period of a suspension under regulation 5(2) with immediate effect,

it must give the person concerned ("A") written notice.