39. Persons connected with an Applicant

(1) In considering —
(a) an Application for a Financial Services Permission;
(b) whether to vary or cancel a Financial Services Permission; or
(c) whether to impose or vary a requirement under this Part;
the Regulator may have regard to any person appearing to it to be, or likely to be, in a relationship with the Applicant or a person given a Financial Services Permission which is relevant.