Chwilio Deddfwriaeth

Chwiliad Uwch

Financial Services and Markets Act 2000

Status:

Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).

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24(1)Sub-paragraph (2) applies if a UK firm—

(a)is not required to have a Part IV permission in relation to the business which it is carrying on; and

(b)is exercising the right conferred by Article 18.2 of the second banking co-ordination directive to carry on that business in an EEA State other than the United Kingdom.

(2)If requested to do so by the host state regulator in the EEA State in which the UK firm’s business is being carried on, the Authority may impose any requirement in relation to the firm which it could impose if—

(a)the firm had a Part IV permission in relation to the business which it is carrying on; and

(b)the Authority was entitled to exercise its power under that Part to vary that permission.

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