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Paragraph 4

Original text. Later amendments are not shown.

In section 55H (refusal by FCA to vary permission at request of authorised person), after subsection (4) insert—

“(4A)

The FCA may also refuse an application under this section if it appears to the FCA that the authorised person would not comply with requirements in Part 5 of the Alternative Investment Fund Managers Regulations 2013 (AIFs which acquire control of non-listed companies and issuers) that would apply to the authorised person.”.