MIR 2.4.1

Past version: effective from 21/10/2015 - 23/02/2020
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A Recognised Body must have financial resources sufficient for the proper performance of its relevant functions as a Recognised Body. In considering whether this requirement is satisfied, the Regulator must take into account all the circumstances, including the Recognised Body's connection with any Person, and any activity carried on by the Recognised Body, whether or not it is an exempt activity.