Article 3 Relevant Applicant

(1)

This Order applies to a person who—

(a)

has, on or before 31 October 2001, made an application to the Authority—

(i)

under section 40 for permission to carry on a newly regulated activity; or

(ii)

under section 44 to add a newly regulated activity to his Part IV permission; and

(b)

was at 3 September 2001 carrying on by way of business the newly regulated activity to which the application mentioned in sub-paragraph (a) relates.

(2)

This Order also applies to a person who—

(a)

has on or before 31 October 2001 made an application to the Authority—

(i)

under section 40 for permission to carry on an overseas regulated activity; or

(ii)

under section 44 for variation to add an overseas regulated activity to his Part IV permission; and

(b)

was at 3 September 2001 carrying on by way of business that overseas regulated activity in a country or territory outside the United Kingdom.

(3)

In this Order, a person to whom this Order applies in accordance with this article is referred to as a “Relevant Applicant”.