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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 29 August 2023 - onwards
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Regulation 9 Authority's power to give directions in relation to the application of the general prohibition to members of a profession

Revoked from 29 August 2023

In section 328 of the Act (directions in relation to the general prohibition) -

(a) for subsection (6), substitute -

"(6) The Authority may exercise the power conferred by subsection (1) only if it is satisfied either -

(a) that it is desirable to do so in order to protect the interests of clients; or

(b) that it is necessary to do so in order to comply with an EU obligation imposed by the insurance mediation directive."; and

(b) in subsection (7), for "so satisfied", substitute "satisfied of the matter specified in subsection (6)(a)".

Comparing proposed amendment...