Section 56(1A)
FSMA 2000
Financial Services and Markets Act 2000 · United Kingdom
The PRA may make a prohibition order if it appears to it that an individual is not a fit and proper person to perform functions in relation to a regulated activity carried on by— a PRA-authorised person, or a person who is an exempt person in relation to a PRA-regulated activity carried on by the person.
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Source: legislation.gov.uk · retrieved 2026-09-04