Schedule 1, Part 2, paragraph 50(2C)

Where an FCA investment firm which has been a small and non-interconnected firm for a period determines that it is no longer a small and non-interconnected firm— it must notify the Financial Conduct Authority, and it does not become a relevant FCA investment firm until— the end of the period of 12 months beginning with the day on which it made the determination, or if the notification specifies an earlier date, that date.

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