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Section 55A: Application for permission

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Part 4A: Permission to carry on regulated activities

An application for permission to carry on one or more regulated activities may be made to the appropriate regulator by—

an individual,
a body corporate,
a partnership, or
an unincorporated association.

"The appropriate regulator", in relation to an application under this section, means (subject to subsection (2B))—

the PRA, in a case where—
the regulated activities to which the application relates consist of or include a PRA-regulated activity, or
the applicant is a PRA-authorised person otherwise than by virtue of a Part 4A permission;
the FCA, in any other case.

An application under this section for permission to carry on the regulated activity specified in article 63S of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 may not include an application for permission to carry on any other regulated activity.

The appropriate regulator, in relation to an application under this section for permission to carry on the regulated activity specified in article 63S of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, is the FCA.

An authorised person who has a permission under this Part which is in force may not apply for permission under this section.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

A permission given by the appropriate regulator under this Part or having effect as if so given is referred to in this Act as "a Part 4A permission".

References in this section to permission under this Part do not include references to permission under section 55NA.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.