
Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThe Whole
Cross Heading
PrintThis
Section
only
Changes over time for: Section 55H


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 22/07/2013
Status:
Point in time view as at 01/04/2013. This version of this provision has been superseded.

Status
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
Changes to legislation:
Financial Services and Markets Act 2000, Section 55H is up to date with all changes known to be in force on or before 31 May 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
[55HVariation by FCA at request of authorised personU.K.
This section has no associated Explanatory Notes
(1)This section applies in relation to an authorised person who has a Part 4A permission but is not a PRA-authorised person.
(2)The FCA may, on the application of the authorised person, vary the permission by—
(a)adding a regulated activity, other than a PRA-regulated activity, to those to which the permission relates;
(b)removing a regulated activity from those to which the permission relates;
(c)varying the description of a regulated activity to which the permission relates.
(3)The FCA may, on the application of the authorised person, cancel the permission.
(4)The FCA may refuse an application under this section if it appears to it that it is desirable to do so in order to advance any of its operational objectives.
(5)If the applicant is a member of a group which includes a PRA-authorised person, the FCA must consult the PRA before determining the application.
(6)If as a result of a variation of a Part 4A permission under this section there are no longer any regulated activities for which the authorised person concerned has permission, the FCA must, once it is satisfied that it is no longer necessary to keep the permission in force, cancel it.
(7)The FCA's power to vary a Part 4A permission under this section extends to including in the permission as varied any provision that could be included if a fresh permission were being given by it in response to an application under section 55A.]
Back to top