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Version date: 30 January 2024 - onwards
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66A. Misconduct: action by the FCA

(1) For the purposes of action by the FCA under section 66, a person is guilty of misconduct if any of conditions A to C is met in relation to the person.

(2) Condition A is that -

(a) the person has at any time failed to comply with rules made by the FCA under section 64A, and

(b) at that time the person was -

(i) an approved person,

(ii) an employee of an authorised person, or

(iii) a director of an authorised person.

(3) Condition B is that -

(a) the person has at any time been knowingly concerned in a contravention of a relevant requirement by an authorised person, and

(b) at that time the person was -

(i) an approved person in relation to the authorised person,

(ii) an employee of the authorised person, or

(iii) a director of the authorised person.

(4) In this section "relevant requirement" means a requirement -

(a) imposed by or under this Act,

(aa) imposed by the Alternative Investment Fund Managers Regulations 2013 [S.I. 2013/1773.],

(ab) imposed by the Undertakings for Collect

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