[137O Threshold condition code]
[137O Threshold condition code]

[(1)     Either regulator may make rules supplementing any of the conditions for the time being set out in or specified under Schedule 6 that is expressed to be relevant to the discharge of that regulator's functions.

(2)     Rules made under this section by a regulator are referred to as that regulator's “threshold condition code”.

(3)     A threshold condition code may in particular—

(a)     specify requirements which a person must satisfy in order to be regarded as satisfying a particular condition in relation to any regulated activities;

(b)     specify matters which are, or may be, or are not, relevant in determining whether a person satisfies a particular condition in relation to any regulated activities.