Financial Services Act 1986 (repealed)
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Change 1
15 Authorisation by certification by recognised professional body.
(1) A person holding a certificate issued for the purposes of this Part of this Act by a recognised professional body is an authorised person. (2) Such a certificate may be issued by a recognised professional body to an individual, a body corporate, a partnership or an unincorporated association. (3) A certificate issued to a partnership— (a) shall be issued in the partnership name; and (b) shall authorise the carrying on of investment business in that name by the partnership to which the certificate is issued, by any partnership which succeeds to that business or by any person who succeeds to that business having previously carried it on in partnership; and, in relation to a certificate issued to a partnership constituted under the law of England and Wales or Northern Ireland or the law of any other country or territory under which a partnership is not a legal person, references in this Act to the person who holds the certificate or is certified shall be construed as references to the persons or person for the time being authorised by the certificate to carry on investment business as mentioned in paragraph (b) above.
15 Authorisation by certification by recognised professional body.
(1) A person holding a certificate issued for the purposes of this Part of this Act by a recognised professional body is an authorised person. (2) Such a certificate may be issued by a recognised professional body to an individual, a body corporate, a partnership or an unincorporated association. (3) A certificate issued to a partnership— (a) shall be issued in the partnership name; and (b) shall authorise the carrying on of investment business in that name by the partnership to which the certificate is issued, by any partnership which succeeds to that business or by any person who succeeds to that business having previously carried it on in partnership; and, in relation to a certificate issued to a partnership constituted under the law of England and Wales or Northern Ireland or the law of any other country or territory under which a partnership is not a legal person, references in this Act to the person who holds the certificate or is certified shall be construed as references to the persons or person for the time being authorised by the certificate to carry on investment business as mentioned in paragraph (b) above.
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