Section 64A(5)

In subsection (4) “qualifying function”, in relation to a person, means a function relating to the carrying on of activities (whether or not regulated activities) by— in the case of an approved person, the person on whose application approval was given, ... in the case of a person who is a director of an authorised person but is not an approved person, that authorised person, and in any other case, the person's employer.

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