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Financial Services and Markets Act 2000
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- UK Public General Acts
- 2000 c. 8
- SCHEDULE 6
- Part I
- Adequate resources
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This is the original version (as it was originally enacted).
Adequate resources
4(1)The resources of the person concerned must, in the opinion of the Authority, be adequate in relation to the regulated activities that he seeks to carry on, or carries on.
(2)In reaching that opinion, the Authority may—
(a)take into account the person’s membership of a group and any effect which that membership may have; and
(b)have regard to—
(i)the provision he makes and, if he is a member of a group, which other members of the group make in respect of liabilities (including contingent and future liabilities); and
(ii)the means by which he manages and, if he is a member of a group, which other members of the group manage the incidence of risk in connection with his business.
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