Article 57 Scope of permission where person agrees with noticeI1

United Kingdom

Where a scope of permission notice has been given to a person under article 55 and he notifies the Authority that he agrees with the matters stated in the notice then—

(a)

the regulated activities the person has permission under Part IV to carry on at commencement, and

(b)

the requirements (if any) to which he is subject under section 43 at commencement,

are, notwithstanding anything in any other provision of this Order, to be taken to be as stated in the scope of permission notice.

(2)

If a scope of permission notice given to a person under article 55 is withdrawn before he notifies agreement, paragraph (1) does not apply in relation to that notice.

Annotations

Modifications

C1: Art. 57(1) applied (with modifications) (1.12.2001) by S.I. 2001/3650, art. 30(2) (as substituted by The Financial Services and Markets Act 2000 (Scope of Permission Notices) Order 2001 (S.I. 2001/3771), arts. 1(1), 5(3))
C2: Art. 57(1) applied (with modifications) (1.12.2001) by S.I. 2001/3650, art. 29(3) (as substituted by The Financial Services and Markets Act 2000 (Scope of Permission Notices) Order 2001 (S.I. 2001/3771), arts. 1(1), 5(2))
C3: Art. 57(1) applied (with modifications) (1.12.2001) by S.I. 2001/3650, art. 30(3) (as substituted by The Financial Services and Markets Act 2000 (Scope of Permission Notices) Order 2001 (S.I. 2001/3771), arts. 1(1), 5(3))
C4: Art. 57(1) applied (with modifications) (1.12.2001) by S.I. 2001/3650, art. 29(2) (as substituted by The Financial Services and Markets Act 2000 (Scope of Permission Notices) Order 2001 (S.I. 2001/3771), arts. 1(1), 5(2))

Commencement

I1: Art. 57 in force at 10.8.2001, see art. 1(2)(a)