(1) In the cases described in this section, a person who -
(a) is carrying on a regulated activity, but
(b) would not otherwise be regarded as carrying it on in the United Kingdom,
is, for the purposes of this Act, to be regarded as carrying it on in the United Kingdom.
(2) [deleted]
(3) [deleted]
(4) The third case is where -
(a) his registered office (or if he does not have a registered office his head office) is in the United Kingdom;
(b) the day-to-day management of the carrying on of the regulated activity is the responsibility of -
(i) his registered office (or head office); or
(ii) another establishment maintained by him in the United Kingdom.
(5) The fourth case is where -
(a) his head office is not in the United Kingdom; but
(b) the activity is carried on from an establishment maintained by him in the United Kingdom.
(5A) [deleted]
(5AA) The sixth case is where -
(a) the regulated activity being carried on by the person is the regulated activity of managing an AIF;
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