Section 65 Restriction of business.C1
United Kingdom
The Secretary of State may prohibit an authorised person from—
entering into transactions of any specified kind or entering into them except in specified circumstances or to a specified extent;
soliciting business from persons of a specified kind or otherwise than from such persons or in a specified country or territory outside the United Kingdom;
carrying on business in a specified manner or otherwise than in a specified manner.
A prohibition under this section may relate to transactions entered into in connection with or for the purposes of investment business or to other business which is carried on in connection with or for the purposes of investment business.
Annotations
Modifications
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S. 65(1) amended (1.1.1993) by S.I. 1992/3218, reg. 55, Sch. 9 para.21.
s. 65 modified (1.7.1994) by S.I. 1994/1696, reg. 59(2)
s. 65 extended (1.1.1996) by S.I. 1995/3275, reg. 32, Sch. 7 para.21
s. 65 applied (with modifications) by S.I. 1995/2049, regs. 6, 7-18
Notes on the whole Act
Textual amendments
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Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(c) (with savings in art. 292)
Notes on Part I
Modifications
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Pt. I (ss. 1-128) amended (S.) (22.5.2000) by S.I. 2000/121, regs. 1, 37, Sch. 2
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Pt. I (ss. 1–128): power to modify conferred (prosp.) by Courts and Legal Services Act 1990 (c. 41, SIF 76:1), ss. 89, 124(3), Sch. 14 para. 9(c)
Notes on Chapter VI
Modifications
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Chapters III–XI (ss. 7–111): certain functions transferred by S.I. 1990/354, art. 5