Financial Services and Markets Act 2000 (c. 8)

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Part III U.K. Authorisation and Exemption

Ending of authorisation U.K.

33 Withdrawal of authorisation by the Authority. U.K.

(1) This section applies if—

(a) an authorised person’s Part IV permission is cancelled; and

(b) as a result, there is no regulated activity for which he has permission.

(2) The Authority must give a direction withdrawing that person’s status as an authorised person.