UK investment firms: changes to services
12.—(1) A UK firm which is providing services in exercise of an EEA right, deriving from the investment services directive, must not make a change in the programme of operations, or the EEA activities, to be carried on in exercise of that right, unless the relevant requirements have been complied with.
(2) For the purposes of this regulation, the “relevant requirements” are that—
(a)the firm has given a notice to the Authority and to the host state regulator stating the details of the proposed change; or
(b)if the change is occasioned by circumstances beyond the firm’s control, it has as soon as practicable (whether before or after the change) given a notice to the Authority and to the host state regulator, stating the details of the change.