[39A Certain tied agents operating outside United Kingdom]
[39A Certain tied agents operating outside United Kingdom]

[(1)     This section applies to an authorised person whose relevant office is in the United Kingdom if—

(a)     he is a party to a contract with a person (other than an authorised person) who is [established in the United Kingdom; and]

(b)     the contract is a relevant contract.

(2)     A contract is a “relevant contract” if it satisfies conditions A to C[.]

(3)     Condition A is that the contract permits or requires the person mentioned in subsection (1)(a) (the “agent”) to carry on investment services business.

(4)     Condition B is that [the FCA is satisfied that no such business is, or is

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