(1) No person may be the beneficial owner, officer or manager of a firm within paragraph (2) ("a relevant firm"), or a sole practitioner within paragraph (2) ("a relevant sole practitioner"), unless that person has been approved as a beneficial owner, officer or manager of the firm or as a sole practitioner by the supervisory authority of the firm or sole practitioner.
(2) The firms and sole practitioners within this paragraph are -
(a) auditors, insolvency practitioners, external accountants and tax advisors;
(b) independent legal professionals;
(c) estate agents and letting agents;
(3) A person does not breach the prohibition in paragraph (1) if that person has before 26th June 2018 applied to the supervisory authority for approval under paragraph (6) and that application has not yet been determined.
(3A) A person does not breach the prohibition in paragraph (1) if -
(a) that person became a relevant firm or relevant sole practitio
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