Article 30 - Status of Authorisation

(1) An Authorisation granted pursuant to this Part is not transferable.
(2) If the Authorised Firm is a partnership or an unincorporated association:
(A) it is authorised to carry on the Regulated Activities concerned in the name of the partnership or unincorporated association; and
(B) its Authorisation is not affected by any change in its membership.
(3) Article 30(2)(B) is subject to the requirements as to the approval of and notification of Controllers and changes of control contained in Part 6.