(1) If a firm is authorised—
(a) it is authorised to carry on the regulated activities concerned in the name of the firm; and
(b) its authorisation is not affected by any change in its membership.
(2) If an authorised firm is dissolved, its authorisation continues to have effect in relation to any [individual or] firm which succeeds to the business of the dissolved firm.
[(3) For the purposes of this section, an individual or firm is to be regarded as succeeding to the business of a dissolved firm only if succession is to the whole or
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On the disposition of a property (whether by way of conveyance, transfer or charge), the party making the disposition will normally provide a title guarantee which implies standard form covenants for title. A landlord may give a title guarantee when granting a lease, but this is rare in practice.
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The British Franchise Association (BFA)This Practice Note examines the role and remit of the British Franchise Association (the BFA) in the franchise industry in the UK. It looks at the legislative and regulatory framework in the franchise industry, the membership criteria of the BFA, the BFA’s Code
0330 161 1234
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