Regulation 29 Application of regulation 28F1

(1)

Regulation 28 applies to a person who—

(a)

is authorised, under the law of the person’s home state, to carry on an activity which is regulated by the person’s home state regulator, and

(b)

satisfies the conditions in regulation 30, 31 or 32.

(2)

If a person satisfies the conditions in regulation 31, a regulator may direct that, nevertheless, regulation 28 does not apply to the person.

(3)

Regulation 28 applies to a person for the period determined in accordance with regulation 41.

Annotations

F1: Pt. 6 inserted (1.3.2019) by The Financial Services Contracts (Transitional and Saving Provision) (EU Exit) Regulations 2019 (S.I. 2019/405), regs. 1(2), 2