- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
6. In regulation 29 (partnerships)—
(a)in paragraph (3)—
(i)for “section 13(3)” substitute “section 13A(2)”, and
(ii)for sub-paragraph (b) substitute—
“(b)the firm satisfies the requirements to have an effective and stable establishment in Great Britain and to have appropriate financial standing;”;
(b)in paragraph (4), for “section 13(4)” substitute “section 13B” and for “section 34(a) or (b)” substitute “section 13B(a) or (b)”;
(c)in paragraph (5), for “section 13(6)” substitute “section 13D”;
(d)for paragraph (7) substitute—
“(7) The provisions of section 27(1) shall apply in any case where the licence holder is a firm if—
(a)the firm ceases to have an effective and stable establishment in Great Britain (as determined in accordance with Article 5 of the 2009 Regulation);
(b)any partner of the firm ceases to satisfy the requirements of section 13A(2)(b) (good repute);
(c)the firm ceases to have appropriate financial standing (as determined in accordance with Article 7 of the 2009 Regulation); or
(d)neither the requirement of sub-paragraph (i) nor that of sub-paragraph (ii) of regulation 29(3)(c) (professional competence) is fulfilled.”;
(e)in paragraph (12), insert the word “and” after paragraph (a), omit sub-paragraphs (b) and (d) and omit the word “and” after paragraph (c).
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: