Abstract: In this chapter the concept of ‘authorisation’, in the context of the general prohibition, is explored. The process of obtaining authorisation through a Part 4A permission is explained. Next, the threshold conditions that a firm must meet, both on authorisation and subsequently, are given. The key concept of passporting within the European Economic Area (EEA) is explained for firms based in the EEA and the UK. The four principal categories of persons who are exempted from authorisation requirements are discussed. Finally, this chapter examines how a firm’s permission can be varied or cancelled, and how the regulator can impose requirements upon the firm to take or not to take some specified action.
Publication Year: 2016
Publication Date: 2016-03-31
Language: en
Type: book
Indexed In: ['crossref']
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