PART 4 Finance

CHAPTER 2 Investment, financial services and financial markets

24 Business arrangements with designated persons
1 A person (“P”) must not participate, directly or indirectly, in business arrangements, including joint ventures, with a person who P knows to be, or has reasonable cause to suspect is—
(a) a designated person, or
(b) acting on behalf of or at the direction of a designated person.
2 Paragraph (1) is subject to Part 9 (Exceptions and licences).
3 A person who contravenes the prohibition in paragraph (1) commits an offence.
Reg. 24 not in force at made date, see reg. 1(2)
Reg. 24 in force at 31.12.2020 by S.I. 2019/627, reg. 7(2); 2020 c. 1, Sch. 5 para. 1(1)