Paragraph 18

For the entry relating to section 247A (cases in which special provisions do not apply)^f1 substitute—

“

Provision of Part 7 Modification

Section 247A (cases in which special provisions do not apply)
subsection (1B)
For subsection (1B) substitute—

“(1B)

A limited liability partnership is ineligible if it is a person (other than a banking limited liability partnership) who has permission under Part 4 of the Financial Services and Markets Act 2000 to carry on one or more regulated activities.”.

”.

Provision of Part 7	Modification
Section 247A (cases in which special provisions do not apply)
subsection (1B)	For subsection (1B) substitute— “(1B) A limited liability partnership is ineligible if it is a person (other than a banking limited liability partnership) who has permission under Part 4 of the Financial Services and Markets Act 2000 to carry on one or more regulated activities.”.

Annotations

Footnotes

f1: Section 247A was inserted by regulation 4 of S.I. 1997/220, and amended by article 11 of S.I. 2001/3649 and by regulation 6 of S.I. 2005/1011. The entry relating to section 247A in the Schedule to the principal regulations was amended by article 8 of S.I. 2004/355.