Textual Amendments
F1Pt. 6A inserted (26.3.2015 for specified purposes, 1.1.2016 for specified purposes, 1.4.2017 in so far as not already in force) by Finance Act 2015 (c. 11), s. 54(3) (with s. 54(8)-(12)); S.I. 2017/494, reg. 2
(1)A UK person may not carry on a controlled activity otherwise than in accordance with an approval given by the Commissioners under this section.
(2)The Commissioners may approve a person under this section to carry on a controlled activity only if they are satisfied that the person is a fit and proper person to carry on the activity.
(3)The Commissioners may approve a person under this section to carry on a controlled activity for such periods and subject to such conditions or restrictions as they may think fit or as they may by or under regulations made by them prescribe.
(4)The conditions or restrictions may include conditions or restrictions requiring the controlled activity to be carried on only at or from premises specified or approved by the Commissioners.
(5)The Commissioners may at any time for reasonable cause revoke or vary the terms of an approval under this section.
(6)In this Part “approved person” means a person approved under this section to carry on a controlled activity.]