329 Orders in relation to the general prohibition
329 Orders in relation to the general prohibition

(1)     Subsection (2) applies if it appears to the [FCA] that a person to whom, as a result of section 327(1), the general prohibition does not apply is not a fit and proper person to carry on regulated activities in accordance with that section.

(2)     The [FCA] may make an order disapplying section 327(1) in relation to that person to the extent specified in the order.

(3)     The [FCA] may, on the application of the person named in an order under subsection (1), vary or revoke it.

(4)     “Specified” means specified in the order.

(5)     If a partnership is named in an order under this section, the order is not affected by any change in its membership.