36 Persons authorised as a result of paragraph 1(1) of Schedule 5 [36 Authorised open-ended investment companies]
36 Persons authorised as a result of paragraph 1(1) of Schedule 5 [36 Authorised open-ended investment companies]

(1)     At the request of a person authorised as a result of paragraph 1(1) of Schedule 5, the [FCA] may give a direction cancelling his authorisation as such a person.

(2)     If a person authorised as a result of paragraph 1(1) of Schedule 5 has a [Part 4A permission], he does not cease to be an authorised person merely because he ceases to be a person so authorised.

[Schedule 5 makes provision about authorised open-ended investment companies.]