Amendment to regulation 43
In regulation 4 (requirements where the service provider is an individual or partnership)—
a
for paragraph (3)(b), substitute—
b
a partnership and—
i
each of the partners satisfies the requirements set out in paragraph (5); and
ii
P satisfies the requirement set out in paragraph (6).
b
in paragraph (4), for “are that P or, where applicable, each of the partners” substitute “in paragraph 3(a) are that P”; and
c
after paragraph (4), insert—
5
The requirements referred to in paragraph 3(b)(i) are that each of the partners is—
a
of good character;
b
physically and mentally fit to carry on the regulated activity; and
c
able to supply to the Commission, or arrange for the availability of, information relating to themselves specified in Schedule 3.
6
The requirement referred to in paragraph 3(b)(ii) is that, through the combination of the qualifications, skills and experience of the partners, P has the necessary qualifications, skills and experience to carry on the regulated activity.