Rule 278 PreliminaryI1
England and Wales
(1)
The Rules in this Part—
(a)
relate to the permission required under section 216 of the 1986 Act for a person to act as mentioned in section 216(3) in relation to an investment bank with a prohibited name;
(b)
prescribe the cases excepted from that provision, that is to say, those in which a person to whom the section applies may so act without that permission.