332 Rules in relation to persons to whom the general prohibition does not apply
332 Rules in relation to persons to whom the general prohibition does not apply

(1)     The [FCA] may make rules applicable to persons to whom, as a result of section 327(1), the general prohibition does not apply.

(2)     The power conferred by subsection (1) is to be exercised for the purpose of ensuring that clients are aware that such persons are not authorised persons.

(3)     A designated professional body must make rules—

(a)     applicable to members of the profession in relation to which it is established who are not authorised persons; and

(b)     governing the carrying on by those members of regulated activities (other than regulated activities in relation to which they are exempt persons).