Examples of Part 4A permission in a sentence
Guidance concerning the use of the Authority’s additional power to cancel an authorised firm’s Part 4A permission on its own initiative 5.
From the facts and matters described above, the Authority considers that the Firm is carrying on no regulated activities to which its Part 4A permission relates.
The Authority must exercise its power to cancel an Authority-authorised person’s Part 4A permission using its additional own initiative power in accordance with the procedure set out in paragraph 2 of Schedule 6A to the Act.
Information submitted to the Authority by the Firm in regulatory returns for the period from 1 November 2021 to 31 October 2023 shows that the Firm is not carrying on any regulated activities for which it holds a Part 4A permission.
The Authority has therefore decided to cancel the Firm’s Part 4A permission.