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867B. Eligible company

Past version: effective from 29/04/2020 - 28/04/2020
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(1) An eligible company for the purpose of section 867A (application for voluntary striking off supported by prescribed statement) is a company that-
(a) qualifies as a small company for the purpose of section 369 (companies qualifying as small) as modified by section 371 (companies excluded from small companies regime),
(b) meets such additional requirements as the Registrar may from time to time publish on the Registrar’s website, and
(c) subject to subsection (2), is not and has not been either an Authorised Person (as defined in the Financial Services and Markets Regulations 2015) or carried out a Regulated Activity (as defined in the Financial Services and Markets Regulations 2015).
(2) Companies who:
(a) meet the criteria in paragraphs (a) and (b) of subsection (1),
(b) are licensed pursuant to the Commercial Licensing Regulations 2015 to carry on the Controlled Activity (as defined in the Commercial Licensing Regulations 2015) of developing Financial Technology Services within the RegLab, and
(c) have ceased to be an Authorised Person (as defined in the Financial Services and Markets Regulations 2015),
are eligible companies for the purpose of section 867A.