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Section 55D(1)

FSMA 2000

This section applies in relation to a person (“the non-UK firm”)— who is a body incorporated in, or formed under the law of, or is an individual who is a national of, any country or territory outside the United Kingdom, and who is carrying on a regulated activity in any country or territory outside the United Kingdom in accordance with the law of that country or territory (“the overseas state”).

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