OpenLegislation

Article 14 Notification by a person to whom article 12 applies

Original text. Later amendments are not shown.

(1)

A person to whom article 12 applies (“A”) must notify the FCA that they are carrying on a regulated activity in respect of which the exemption in that article applies, as soon as reasonably practicable after the later of—

(a)

the main commencement day, or

(b)

where the FCA has given a direction in respect of A under article 11(3), the date specified by the FCA in accordance with article 11(4)(a).

(2)

A must, as soon as reasonably practicable, notify the FCA if they cease to carry on a regulated activity referred to in paragraph (1) and no longer intend to carry on that activity.

(3)

For the purposes of paragraphs (1) and (2), the notification must—

(a)

be made in such manner, and

(b)

contain or be accompanied by such information,

as the FCA may require.