Section 347(3A)
FSMA 2000
Financial Services and Markets Act 2000 · United Kingdom
But if a person ceases to be a person to whom one of the paragraphs of subsection (1) applies as a result of a cancellation of that person's Part 4A permission under section 55J because one or more of the conditions in section 55K(1)(b) to (d) was met, the power conferred by subsection (3) is not exercisable for a period of five years from the date on which the person ceased to be a person to whom subsection (1) applied.
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Source: legislation.gov.uk · retrieved 2026-09-04