(1) This regulation applies to an authorisation or verification which, immediately before the coming into force of these Regulations, was -

(a) an authorisation by the FCA to provide a data reporting service which had effect by virtue of Part 2 the 2017 Regulations ("an authorisation to which this regulation applies"), or

(b) a verification by the FCA of a person's compliance with the 2017 Regulations which had effect by virtue of Part 2 of the 2017 Regulations ("a verification to which this regulation applies").

(2) An authorisation to which this regulation applies has effect, from the coming into force of these Regulations, as though it had been granted by the FCA under regulation 9 of these Regulations.

(3) A verification to which this regulation applies has effect, from the coming into force of these Regulations, as though it were a verification made by the FCA under regulation 7 of these Regulations.

(4) Any restriction that was -

(a) imposed by the FCA on an authorisation to which this regulation applies in accordance with regulation 10 of the 2017 Regulations, and

(b) in effect immediately before the coming into force of these Regulations