Section 39(1C)

Subsection (1D) applies where an authorised person (“A”)— has permission under Part 4A, or permission resulting from any other provision of this Act, only in relation to one or more qualifying activities, is a party to a contract with another authorised person (A's “principal”) which— permits or requires A to carry on business of a prescribed description (“the relevant business”), and complies with such requirements as may be prescribed, and is someone for whose activities in carrying on the whole or part of the relevant business A's principal has accepted responsibility in writing.

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