Schedule 7, Part 2, paragraph 8

A Schedule 2B permission for a person to carry on a restricted activity is a permission to do so only while the person has a relevant Part 4A permission. In this paragraph, “relevant Part 4A permission” means— if the restricted activity is an activity which, when carried on in the United Kingdom, is a regulated activity, a Part 4A permission in respect of that regulated activity, and if the restricted activity is marketing a UCITS or an AIF, a Part 4A permission in respect of any regulated activity.

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