PART 2

Regulatory Enforcement

Introductory

“Regulated person” and “regulated group”
22A
1
A person is a “
regulated person
” for the purposes of this Part if the Secretary of State is satisfied that—
a
the person carries on, or proposes to carry on, an activity, and
b
a qualifying regulator has a relevant function which is, or would be, exercisable in relation to the person in respect of the activity.
2
A group of persons is a “
regulated group
” for the purposes of this Part if the Secretary of State is satisfied that—
a
a member of the group carries on, or proposes to carry on, an activity, and
b
a qualifying regulator has a relevant function which is, or would be, exercisable in relation to the member in respect of the activity.
Pt. 2 substituted (4.5.2016 for specified purposes, 1.10.2017 in so far as not already in force) by Enterprise Act 2016 (c. 12), ss. 20(1), 44(1)(c); S.I. 2017/473, reg. 3(b)