(1) When the FCA exercises its functions under regulation 14, its decision takes effect -
(a) immediately, if the notice given under paragraph (3) states that that is the case;
(b) on such other date as may be specified in the notice; or
(c) if no date is specified in the notice, when the matter to which the notice relates is no longer open to review.
(2) A decision of the FCA made under regulation 14 may be expressed to take effect immediately (or on a specified date) only if the FCA, having regard to the ground on which it is exercising this power, reasonably considers that it is necessary for the decision to take effect immediately (or on that date).
(3) If the FCA proposes to exercise, or exercises, its functions under regulation 14, it must give the third party verifier written notice.
(4) The notice must -
(a) give details of the temporary withdrawal, or the revocation of the temporary withdrawal, or the variation of the temporary withdrawal, including the period of the temp