Sch 2A para 19
(1) The appropriate UK regulator may reject a notification, so far as it relates to an approved activity, if satisfied that a person with responsibility for managing an aspect of the Gibraltar-based person's affairs— (a) is prohibited from performing a function by a prohibition order, and (b) performs a senior management function in relation to the carrying on of the approved activity by the Gibraltar-based person in the United Kingdom, Gibraltar or elsewhere or is expected to do so if the person obtains a Schedule 2A permission to carry on the approved activity in the United Kingdom. (2) In sub-paragraph (1)— (a) the reference to managing an aspect of a person's affairs includes a reference to taking decisions, or participating in the taking of decisions, about how that aspect of those affairs should be carried on, (b) “ prohibition order ” means— (i) an order under section 56, (ii) an order under section 143S, or (iii) an order under the law of Gibraltar which the appropriate UK regulator considers to be equivalent to an order under section 56 or 143S, and (c) “ senior management function ”, in relation to the carrying on of an activity by the Gibraltar-based person, means a function which requires a person to manage an aspect of the Gibraltar-based person's affairs which involves, or might involve, a risk of serious consequences— (i) for the Gibraltar-based person, or (ii) for business or other interests in the United Kingdom, Gibraltar or elsewhere.