SCHEDULES
SCHEDULE 6 Threshold Conditions
Part I Part IV Permission
Legal status
1
(1)
If the regulated activity concerned is the effecting or carrying out of contracts of insurance the authorised person must be a body corporate F1(other than a limited liability partnership), a registered friendly society or a member of Lloyd’s.
(2)
If the person concerned appears to the Authority to be seeking to carry on, or to be carrying on, a regulated activity constituting accepting deposits F2or issuing electronic money , it must be—
(a)
a body corporate; or
(b)
a partnership.