Section 58A(4)

If paragraph (3) does not apply, the FCA must have regard to the following factors in determining whether the requirement in paragraph (2) is met— whether A has consistently failed to comply with the requirements of these Regulations; the risk that A’s business may be used for money laundering or terrorist financing; and whether A, and any officer, manager or beneficial owner of A, has adequate skills and experience and has acted and may be expected to act with probity.

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