PART 2 AMENDMENTS TO THE COMPANIES LEGISLATION

Companies Act 1985 (c. 6)

14 Cases where exemptions not available
1 Subsection (1) of section 249B of the Act (cases where exemptions not available) is amended as follows.
2 For paragraph (b) substitute—

“(b) it was a person who had permission under Part 4 of the Financial Services and Markets Act 2000 to carry on a regulated activity,”

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3 After paragraph (b) insert—

“(bb) it carried on an insurance market activity,”

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4 For paragraph (d) substitute—

“(d) it was an appointed representative, within the meaning of section 39 of the Financial Services and Markets Act 2000,”

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