Financial Services Act 1986 (repealed)
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Change 1
52 Notification regulations.
(1) The Secretary of State may make regulations requiring authorised persons to give him forthwith notice of the occurrence of such events as are specified in the regulations and such information in respect of those events as is so specified. (2) The Secretary of State may make regulations requiring authorised persons to furnish him at such times or in respect of such periods as are specified in the regulations with such information as is so specified. (3) Regulations under this section shall not apply to a member of a recognised self-regulating organisation or a person certified by a recognised professional body unless he carries on investment business in the carrying on of which he is not subject to the rules of that organisation or body. (4) Without prejudice to the generality of subsections (1) and (2) above, regulations under this section may relate to— (a) the nature of the investment business being carried on; (b) the nature of any other business carried on with or for the purposes of the investment business; (c) any proposal of an authorised person to alter the nature or extent of any business carried on by him; (d) any person becoming or ceasing to be a person of the kind to whom regard could be had by the Secretary of State under subsection (3) of section 27 above in deciding an application for authorisation under that section; (e) the financial position of an authorised person as respects his investment business or any other business carried on by him; (f) any property managed, and any property or money held, by an authorised person on behalf of other persons. (5) Regulations under this section may require information to be given in a specified form and to be verified in a specified manner. (6) Any notice or information required to be given or furnished under this section shall be given in writing or in such other manner as the Secretary of State may approve.
52 Notification regulations.
(1) The Secretary of State may make regulations requiring authorised persons to give him forthwith notice of the occurrence of such events as are specified in the regulations and such information in respect of those events as is so specified. (2) The Secretary of State may make regulations requiring authorised persons to furnish him at such times or in respect of such periods as are specified in the regulations with such information as is so specified. (3) Regulations under this section shall not apply to a member of a recognised self-regulating organisation or a person certified by a recognised professional body unless he carries on investment business in the carrying on of which he is not subject to the rules of that organisation or body. (4) Without prejudice to the generality of subsections (1) and (2) above, regulations under this section may relate to— (a) the nature of the investment business being carried on; (b) the nature of any other business carried on with or for the purposes of the investment business; (c) any proposal of an authorised person to alter the nature or extent of any business carried on by him; (d) any person becoming or ceasing to be a person of the kind to whom regard could be had by the Secretary of State under subsection (3) of section 27 above in deciding an application for authorisation under that section; (e) the financial position of an authorised person as respects his investment business or any other business carried on by him; (f) any property managed, and any property or money held, by an authorised person on behalf of other persons. (5) Regulations under this section may require information to be given in a specified form and to be verified in a specified manner. (6) Any notice or information required to be given or furnished under this section shall be given in writing or in such other manner as the Secretary of State may approve.
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