Section 7 Authorisation by membership of recognised self-regulating organisation.C1
United Kingdom
Subject to subsection (2) below, a member of a recognised self-regulating organisation is an authorised person by virtue of his membership of that organisation.
This section does not apply to a member who is an authorised person by virtue of section 22 or 23 below or an insurance company which is an authorised person by virtue of section 31 below.
Annotations
Modifications
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S. 7 amended (1.1.1993) by S.I. 1992/3218, reg. 48(1).
s. 7 extended (1.1.1996) by S.I. 1995/3275, reg. 21(1)
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Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(c) (with savings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 III
Modifications
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Chapters III–XI (ss. 7–111): certain functions transferred by S.I. 1990/354, art. 5