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172.—(1) The prohibitions in regulation 46 (requirement for authorisation) do not prevent—
(a)the holder of a parallel import licence from placing the medicinal product to which the licence relates on the market; or
(b)the sale or supply, or offer for sale or supply, of a medicinal product to which a parallel import licence relates, in accordance with the terms of that licence.
(2) In this regulation “parallel import licence” means a licence that—
(a)is granted by the licensing authority in compliance with the rules of European Union law relating to parallel imports; and
(b)authorises the holder to place on the market a medicinal product imported into the United Kingdom from another EEA State.
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