Section 129(7)

In this section— ... “permanent prohibition” means a permanent prohibition on an individual holding an office or position involving responsibility for taking decisions about the management of an investment firm; “suspension or restriction” means— a suspension of any permission which a person has to carry on a regulated activity for such period as the court considers appropriate; or such limitations or other restrictions as the court considers appropriate in relation to the carrying on of a regulated activity by a person for such period as the court considers appropriate; “temporary prohibition” means a temporary prohibition on an individual— holding an office or position involving responsibility for taking decisions about the management of an investment firm; ... acquiring or disposing of financial instruments, whether on his or her own account or the account of a third party and whether directly or indirectly ; or making a bid, on his or her own account or the account of a third party, directly or indirectly, at an auction conducted by a recognised auction platform.

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Source: legislation.gov.uk · retrieved 2026-09-04