Financial Services and Markets Act 2000

33 Withdrawal of authorisation F1....U.K.

This adran has no associated Nodiadau Esboniadol

(1)This section applies if—

(a)an authorised person’s [F2Part 4A permission] is cancelled; and

(b)as a result, there is no regulated activity for which he has permission.

(2)The [F3appropriate regulator] must give a direction withdrawing that person’s status as an authorised person.

[F4(2A)In subsection (2) “the appropriate regulator” means—

(a)in the case of a PRA-authorised person, the PRA, and

(b)in any other case, the FCA.]

Textual Amendments

F1Words in s. 33 heading omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 2(5) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F2Words in s. 33(1)(a) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 2(2) (with Sch. 20); S.I. 2013/423, art. 3, Sch.