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Financial Services and Markets Act 2000

Financial Services and Markets Act 2000 Sch 2A para 54

Sch 2A para 54

(1) A requirement imposed on a Gibraltar-based person under this Part of this Schedule may, among other things, be imposed so as to require the person— (a) to take specified action, or (b) to refrain from taking specified action. (2) A requirement imposed under this Part of this Schedule may extend to activities which are not approved activities. (3) A requirement imposed on a Gibraltar-based person under this Part of this Schedule may be imposed by reference to the person's relationship with— (a) the person's group, or (b) other members of the person's group. (4) A requirement imposed under this Part of this Schedule may be expressed to expire at the end of a specified period (but the imposition of such a requirement does not affect the UK regulator's powers to impose a new requirement). (5) A requirement imposed on a Gibraltar-based person under this Part of this Schedule may refer to the past conduct of the person (for example, by requiring the person concerned to review or take remedial action in respect of past conduct).

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