OpenLegislation

Paragraph 17

(1)

Section 260 (intermediaries: duty to provide information about clients) is amended as follows.

(2)

In the heading, after “Intermediaries” insert “ etc ”.

(3)

In subsection (1)—

(a)

the words from “a person” to the end become paragraph (a);

(b)

at the end of that paragraph insert

“;

(b)

a person who falls within the case described in paragraph 3 of Schedule 33A by virtue of acting under the instruction or guidance of the monitored promoter.”

(4)

In subsection (3)(a) for “the intermediary” substitute “ the person to whom the notice is given ”.

(5)

In subsection (5)—

(a)

in the words before paragraph (a), for “the intermediary” substitute “ the person to whom the notice under subsection (1) is given (“R”) ”;

(b)

in paragraph (a), for “the intermediary” substitute “ R ”.

(6)

In subsection (6) for “the intermediary”, in each place it occurs, substitute “ R ”.