Appointed representativesU.K.
9. Any person who—
(a)immediately before commencement was an exempted person under section 44 of the Financial Services Act (appointed representatives); and
(b)is at commencement an authorised person (and so excluded from the operation of section 39(1) (exemption of appointed representatives other than authorised persons)),
is to be treated as having, at commencement, a Part IV permission to carry on any regulated activity in respect of which he was, immediately before commencement, an exempted person by reason of section 44 of the Financial Services Act.
Commencement Information
I1Art. 9 in force at 1.12.2001, see art. 1(2)(b)