SCHEDULES
C1SCHEDULE 6 Threshold Conditions
F1PART 1BPart 4A permission: authorised persons who are not PRA-authorised persons
Sch. 6 Pts. 1-1G substituted for Sch. 6 Pts. 1, 2 (1.4.2013) by The Financial Services and Markets Act 2000 (Threshold Conditions) Order 2013 (S.I. 2013/555), arts. 1, 2(2)
2BLocation of offices
1
Unless sub-paragraph (3) or (4)(a) applies, if A is a body corporate incorporated in the United Kingdom—
a
A’s head office, and
b
if A has a registered office, that office,
must be in the United Kingdom.
2
If A is not a body corporate but A’s head office is in the United Kingdom, A must carry on business in the United Kingdom.
3
If—
a
A is seeking to carry on, or is carrying on, a regulated activity which is any of the investment services and activities,
b
A is a body corporate with no registered office, and
c
A’s head office is in the United Kingdom,
A must carry on business in the United Kingdom.
4
If A is seeking to carry on, or is carrying on, an insurance mediation activity—
a
where A is a body corporate incorporated in the United Kingdom, A’s registered office, or if A has no registered office, A’s head office, must be in the United Kingdom;
b
where A is an individual, A is to be treated for the purposes of sub-paragraph (2) as having a head office in the United Kingdom if A is resident in the United Kingdom.
5
“Insurance mediation activity” means any of the following activities—
a
dealing in rights under a contract of insurance as agent;
b
arranging deals in rights under a contract of insurance;
c
assisting in the administration and performance of a contract of insurance;
d
advising on buying or selling rights under a contract of insurance;
e
agreeing to do any of the activities specified in paragraphs (a) to (d).
6
Sub-paragraph (5) must be read with—
a
section 22,
b
any relevant order under that section, and
c
Schedule 2.
Sch. 6 modified (3.9.2001) by S.I. 2001/2507, arts. 1(1), 3(1); S.I. 2001/2632, art. 2(2), Sch. Pt. 2