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28. The Threshold Conditions

Past version: effective from 20/10/2015 - 19/10/2015
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(1) In giving or varying a Financial Services Permission, or imposing or varying a requirement under any provision of this Part, the Regulator must ensure that the person concerned will satisfy, and continue to satisfy, in relation to all of the Regulated Activities for which the person has or will have a Financial Services Permission, any Threshold Conditions specified by the Regulator in Threshold Condition Rules made under section 7(2).
(2) The duty imposed by subsection (1) does not prevent the Regulator, having due regard to that duty, from taking such steps as it considers are necessary, in relation to a particular person, in order to further one or more of its objectives.