(1) This Part applies in relation to:
(a) an Authorised Firm of a class prescribed by the DFSA; and
(b) where specified, an entity in a Group to which an Authorised Firm referred to in (a) belongs.
(2) An Authorised Firm does not cease to be an Authorised Firm or an Authorised Firm of a particular class for the purposes of this Part merely because it ceases to:
(a) hold a licence to carry on a Financial Service; or
(b) carry on a Financial Service,as a result of a resolution action.