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The Regulatory Reform (Financial Services and Markets Act 2000) Order 2007
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Persons connected with an applicant
4. In section 49 (persons connected with an applicant), for subsection (2)(b) substitute—
“(b)varying any permission given by the Authority to such a person, where the effect of the variation is to grant permission for the purposes of a single market directive other than the one for the purposes of which the existing permission was granted,”.
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