Section 126(11)

For the purposes of subsection (10)— the references to the FMI administrator are to be read, where two or more persons are appointed to act as the FMI administrator, as references to any one or more of them, and the references to a firm of which a person was a member or employee at a particular time include references to a firm which holds itself out to be the successor of a firm of which the person was a member or employee at that time.

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