This section has no associated Explanatory Notes
25(1)Paragraph 4 (permission) is amended as follows.U.K.
(2)In sub-paragraph (3)—
(a)for “a Part IV permission” substitute “ a Part 4A permission ”, and
(b)for “Authority” substitute “ appropriate UK regulator ”.
(3)In sub-paragraph (4), for “Authority” substitute “ appropriate UK regulator ”.
(4)After that sub-paragraph insert—
“(5)The appropriate UK regulator” means—
(a)where the Treaty firm is a PRA-authorised person, the FCA or the PRA;
(b)in any other case, the FCA.”
Commencement Information
I1Sch. 4 para. 25 in force at 27.2.2013 for specified purposes by S.I. 2013/423, art. 2
I2Sch. 4 para. 25 in force at 1.4.2013 in so far as not already in force by S.I. 2013/423, art. 3, Sch.