(1) A person may apply in accordance with section 55A [Section 55A was inserted by section 11(2) of the Financial Services Act 2012.] (application for permission) of the Act for a Part 4A permission to carry on regulated activities as an exempt investment firm.
(2) An authorised person may become entitled to carry on regulated activities as an exempt investment firm only by applying for a variation of its Part 4A permission in accordance with section 55H [Section 55H was inserted by section 11(2) of the Financial Services Act 2012 and amended by S.I. 2013/1773.] (variation by FCA) or 55I [Section 55I was inserted by section 11(2) of the Financial Services Act 2012.] (variation by PRA) of the Act.
(3) A person may only apply for a Part 4A permission as mentioned in paragraph (1), and an authorised person may only apply for a variation of their Part 4A permission as mentioned in paragraph (2), if the person or authorised person has its relevant office in the United Kingdom.
(4) In this r
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