Regulation 10 Conditions to be satisfied for regulation 8 to apply
The conditions are that, immediately before exit day, the person—
(a)
is authorised to carry on a regulated activity in the United Kingdom by virtue of section 31(1)(b) or (c) of the 2000 Act, and
(b)
is not authorised to carry on a regulated activity by virtue of section 31(1)(a) of that Act.