Paragraph 5 Modification to section 55R (persons connected with an applicant)

Section 55R (persons connected with an applicant)^f1 applies as if, in subsection (1)—

(a)

paragraphs (a) and (b) were omitted;

(b)

in the words after paragraph (d), for “applicant or a person given permission” there was substituted “registered person”.

Annotations

f1: Section 55R was inserted by section 11(2) of the Financial Services Act 2012 and amended by S.I. 2018/1149, 2019/632.