Regulatory Enforcement and Sanctions Act 2008 (c. 13)

[F1 PART 2 U.K. Regulatory Enforcement

Textual Amendments

F1 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)

Introductory U.K.

22A “Regulated person” and “regulated group” U.K.

(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.]