49Persons connected with an applicant
This section has no associated Explanatory Notes
(1)In considering—
(a)an application for a Part IV permission, or
(b)whether to vary or cancel a Part IV permission,
the Authority may have regard to any person appearing to it to be, or likely to be, in a relationship with the applicant or person given permission which is relevant.
(2)Before—
(a)giving permission in response to an application made by a person who is connected with an EEA firm, or
(b)cancelling or varying any permission given by the Authority to such a person,
the Authority must consult the firm’s home state regulator.
(3)A person (“A”) is connected with an EEA firm if—
(a)A is a subsidiary undertaking of the firm; or
(b)A is a subsidiary undertaking of a parent undertaking of the firm.