PART 3Restrictions on Financial Services and Markets
Authorisations20
1
An authorisation granted by the Treasury under regulation 19(3) may be—
a
general or granted to a category of persons or to a particular person;
b
subject to conditions;
c
of indefinite duration or subject to an expiry date.
2
The Treasury may vary or revoke an authorisation at any time.
3
On the grant, variation or revocation of an authorisation, the Treasury must—
a
in the case of an authorisation granted to a particular person, give written notice of the grant, variation or revocation to that person,
b
in the case of a general authorisation or an authorisation granted to a category of persons, take such steps as the Treasury consider appropriate to publicise the grant, variation or revocation of the authorisation.
4
A person commits an offence who, for the purpose of obtaining an authorisation, knowingly or recklessly—
a
provides information that is false in a material respect, or
b
provides or produces a document that is not what it purports to be.
5
A person who purports to act under an authorisation granted by the Treasury but who fails to comply with any conditions included in the authorisation commits an offence.