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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 3 January 2018 - onwards
  Version 5 of 5    

Regulation 4 General restriction on giving Part 4A permission

Revoked from 3 January 2018

(1) The appropriate regulator must not give a Part 4A permission to an applicant who is an investment firm unless it is satisfied that the applicant complies with -

(a) the provisions contained in or made under the Act implementing Chapter I of Title II of the markets in financial instruments directive; and

(b) any directly applicable Community regulation made under that Chapter.

(2) Paragraph (1) also applies if an authorised person becomes an investment firm by virtue of a variation of his Part 4A permission.

(3) "Investment firm" has the meaning given in section 424A of the Act [Section 424A was inserted by S.I. 2006/2975.].

Comparing proposed amendment...