Section 71(5)

For the purposes of regulation 70(1), information or another matter comes to a relevant firm “in the course of carrying on its business” if the information or other matter comes to the firm— in the case of a relevant firm within paragraph(1)(a), in the course of carrying on an activity in respect of which the permission mentioned in that provision is required; in the case of a relevant firm within paragraph (1)(c)(i), in the course of carrying out statutory audit work within the meaning of section 1210 of the Companies Act 2006 (meaning of statutory auditor) ; in the case of a relevant firm within paragraph (1)(c)(ii), in the course of carrying out an audit required by the Local Audit and Accountability Act 2014; in the case of a relevant firm within paragraph (1)(f), in the course of carrying on an activity in respect of which the licence mentioned in that provision is required; in the case of a relevant firm within paragraph (1)(k)— in the course of trading, or acting as an intermediary in the sale or purchase of, works of art when the value of the transaction, or a series of linked transactions, amounts to £10,000 or more, or in the course of storing works of art where the value of the works of art so stored for a person amounts to £10,000 or more; in the case of a relevant firm within any other provision of paragraph (1), in the course of carrying on an activity mentioned in that provision.

← 4 · All articles · 72 →

Source: legislation.gov.uk · retrieved 2026-08-30