(1) This section applies to an authorised person whose relevant office is in the United Kingdom if -
(a) he is a party to a contract with a person (other than an authorised person) who is established in the United Kingdom; and -
(i) in the United Kingdom, or
(ii) in an EEA State which does not permit investment firms authorised by the competent authority of the State to appoint tied agents; and
(b) the contract is a relevant contract.
(2) A contract is a "relevant contract" if it satisfies conditions A to C.
(3) Condition A is that the contract permits or requires the person mentioned in subsection (1)(a) (the "agent") to carry on investment services business.
(4) Condition B is that the FCA is satisfied that no such business is, or is likely to be, carried on by the agent in the United Kingdom.
(5) Condition C is that the business is of a description that, if carried on in the United Kingdom, would be prescribed for the purposes of section 39(1)(a)(i).
(6) An authorised person to whom
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