PART 4Finance

CHAPTER 2Investment, financial services and financial markets

Business arrangements with designated personsI1I224

1

A person (“P”) must not participate, directly or indirectly, in business arrangements, including joint ventures, with a person who P knows to be, or has reasonable cause to suspect is—

a

a designated person, or

b

acting on behalf of or at the direction of a designated person.

2

Paragraph (1) is subject to Part 9 (Exceptions and licences).

3

A person who contravenes the prohibition in paragraph (1) commits an offence.