Section 309U(5)

For the purposes of subsection (4)— “the limitation period” means the period of 6 years beginning with the first day on which the appropriate regulator knew that the person concerned had performed a designated senior management function without approval, and the appropriate regulator is to be treated as knowing that a person has performed a designated senior management function without approval if it has information from which that can reasonably be inferred.

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