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.