Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 27 June 2022 - onwards
31FA.
(1) Where an applicant intends to provide investment services or perform investment activities, the Bank shall not take a draft decision to propose to the ECB to grant a Class 1 authorisation unless it is satisfied that the applicant will comply with the relevant provisions.
(2) In this section -
‘investment activities’ has the same meaning as it has in the Markets in Financial Instruments Directive ;
‘investment services’ has the same meaning as it has in the Markets in Financial Instruments Directive ;
‘relevant provisions’ means the provisions of the Regulations of 2017 which apply under Regulation 2(2) of those Regulations.