The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018 No. 1149

[F1 PART 6 U.K. Transitional and saving provision: limited permission to carry on a regulated activity

Textual Amendments

F1 Pt. 6 inserted (1.3.2019) by The Financial Services Contracts (Transitional and Saving Provision) (EU Exit) Regulations 2019 (S.I. 2019/405), regs. 1(2), 2

CHAPTER 1 U.K. Temporary limited permission to carry on a regulated activity

Conditions to be satisfied for regulation 28 to apply: persons to whom regulation 47 ceases to apply U.K.

32.— (1) The conditions are that the person is one—

(a) to whom regulation 47 ceases to apply, in accordance with regulation 55,

(b) who, on that regulation ceasing to apply, is not authorised to carry on a regulated activity by virtue of section 31(1)(a) of the 2000 Act, and

(c) who is the subject of a direction under regulation 55(1)(b).

(2) In this regulation, reference to authorisation to carry on a regulated activity by virtue of section 31(1)(a) of the 2000 Act does not include such an authorisation by virtue of regulation 28.]