Financial Services and Markets Act 2000

[F155Z2Notification of EBAU.K.

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(1)A regulator must notify EBA of—

(a)the giving by it of a Part 4A permission to a credit institution, where the regulated activity to which the permission relates falls within paragraph 4 of Schedule 2, F2...

(b)the cancellation by it of a Part 4A permission of a description falling within paragraph (a) [F3and the reasons for the cancellation; or]

[F4(c)the giving by it of a Part 4A permission to a credit institution whose head office is not in an EEA State.]

[F5(1A)A notification given in accordance with paragraph (a) or (c) of subsection (1) must contain a statement to the effect that the compensation scheme makes provision for cases where the credit institution concerned is unable, or likely to be unable, to satisfy claims against it.]

(2)“Credit institution” has the meaning given in section 1H(8).]

Textual Amendments

F1Pt. 4A substituted for ss. 40-55 (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 11(2), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c), Sch. Pts. 2, 3; S.I. 2013/423, art. 3, Sch.

F2Word in s. 55Z2(1)(a) omitted (1.1.2014) by virtue of The Capital Requirements Regulations 2013 (S.I. 2013/3115), reg. 1(2), Sch. 2 para. 7(a)

Modifications etc. (not altering text)