Article 34 - Scope of application

(1) This Part applies to:
(A) Persons who acquire, or change their level or type of control over an Authorised Firm; and
(B) Authorised Firms who are the subject of such acquisition or change of control
in both cases being an Authorised Firm(s) to which Article 34(2) relates.
(2) The Authorised Firms to which Article 34(1) shall apply are:
(A) QFC Entities which are Authorised Firms;
(B) other Authorised Firms to which this Part applies pursuant to a condition, restriction or requirement to that effect imposed by the Regulatory Authority under Part 5.