41. Determination of applications

(1) If the Regulator grants an application —
(a) for a Financial Services Permission;
(b) for the variation or cancellation of a Financial Services Permission;
(c) for the variation or cancellation of a requirement imposed under section 35; or
(d) for the imposition of a new requirement under that section;
it must give the Applicant written notice.
(2) The notice must state the date from which the Financial Services Permission, variation, cancellation or requirement has effect.