PART 4SUPERVISION AND REGISTRATION

Requirement to inform the Authority

Requirement on authorised person to inform the Authority31

1

An authorised person whose supervisory authority is the Authority must, before acting as a money service business or a trust or company service provider or within 28 days of so doing, inform the Authority that he intends, or has begun, to act as such.

2

Paragraph (1) does not apply to an authorised person who—

a

immediately before 15th December 2007 was acting as a money service business or a trust or company service provider and continues to act as such after that date; and

b

before 15th January 2008 informs the Authority that he is or was acting as such.

3

Where an authorised person whose supervisory authority is the Authority ceases to act as a money service business or a trust or company service provider, he must immediately inform the Authority.

4

Any requirement imposed by this regulation is to be treated as if it were a requirement imposed by or under the 2000 Act.

5

Any information to be provided to the Authority under this regulation must be in such form or verified in such manner as it may specify.