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66.—(1) Regulations 61(1), 62(1) and 63(1) take effect subject to paragraphs (2) and (3).
(2) A person who—
(a)does not have a Part 4A permission; and
(b)obtained an authorisation or registration from the FCA under Article 34 of the EU Benchmarks Regulation 2016 before 27th February 2018;
shall be deemed to have a Part 4A permission granted by the FCA on 27th February 2018 in relation to the activity specified in article 63S(1) of the RAO.
(3) A person who—
(a)has a Part 4A permission but not in relation to the activity specified in article 63S(1) of the RAO; and
(b)obtained an authorisation or registration from the FCA under Article 34 of the EU Benchmarks Regulation 2016 before 27th February 2018;
shall be deemed to have their permission varied by the FCA on 27th February 2018 to include the activity specified in article 63S(1) of the RAO.