Schedule 3 Minimum Criteria for AuthorisationC1
United Kingdom
- Directors etc. to be fit and proper persons
- Business to be directed by at least two individuals
- Composition of board of directors
- Business to be conducted in prudent manner
- Integrity and skill
- Minimum net assets
Annotations
Modifications
- C1
Sch. 3 applied with modifications (1.1.1993) by S.I. 1992/3218, reg. 23(3).
Notes on the whole Act
Textual amendments
- F1
Act repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 3(1)(d)
Act continued (with modifications) (1.12.2001) by S.I. 2001/2967, arts. 1(2), 9(1), Sch. 1 Pt. 1; S.I. 2001/3538 (as amended (1.4.2013) by S.I. 2013/472, arts. 1(1), 3, Sch. 2 para. 56(h)(i)); and specified provisions of Act applied, extended and amended (1.4.2003) so far as still in force by 2001 c. 16, ss. 50, 52-54, 57(1)(j)(4), 68, 138(2), Sch. 1 para. 43, Sch. 2 para. 16(2)(d); S.I. 2003/708, art. 2