OpenLegislation

Article 324 Board’s power of interventionI1

United Kingdom

For subsections (5) to (8) of section 52f1 of the Courts and Legal Services Act 1990 substitute—

“(5)

Subsection (6) applies to an authorised practitioner who—

(a)

has permission under any provision of the Financial Services and Markets Act 2000 to carry on a regulated activity; or

(b)

is an appointed representative of a person with such permission;

and “regulated activity” and “appointed representative” have the meaning given in that Act.

(6)

In relation to an authorised practitioner to whom this subsection applies, the powers of intervention may be exercised only after consultation with the Financial Services Authority.”.

Annotations

Commencement

I1

Art. 324 in force at 1.12.2001, see art. 1

Footnotes

f1

Section 52(6) was amended by the Bank of England Act 1998 (c. 11), Schedule 5, paragraph 41(3)(b).