Financial Services Act 2012 (c. 21)

SCHEDULES

SCHEDULE 4 U.K. EEA passport rights and treaty rights

PART 1 U.K. Amendments of Schedule 3 to FSMA 2000: EEA passport rights

Exercise of passport rights by UK firms U.K.

10 (1) Paragraph 19 (establishment) is amended as follows. U.K.

(2) For “Authority”, in each place, substitute “ appropriate UK regulator ”.

(3) After sub-paragraph (7B) insert—

“(7C) Where the PRA is the appropriate UK regulator, it must consult the FCA before deciding whether to give a consent notice, except where sub-paragraph (7A) applies.

(7D) Where the FCA is the appropriate UK regulator, it must consult the PRA before deciding whether to give a consent notice in relation to a UK firm whose immediate group includes a PRA-authorised person.”

Commencement Information

I1 Sch. 4 para. 10 in force at 27.2.2013 for specified purposes by S.I. 2013/423, art. 2