Ending of authorisationU.K.
33 Withdrawal of authorisation F1....U.K.
(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.
F3Words in s. 33(2) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 2(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F4S. 33(2A) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 2(4) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F534 EEA firms.U.K.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F5S. 34 omitted (31.12.2020) by virtue of The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018 (S.I. 2018/1149), reg. 1(3), Sch. para. 3 (with reg. 4); 2020 c. 1, Sch. 5 para. 1(1)
F635 Treaty firms.U.K.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F6S. 35 omitted (31.12.2020) by virtue of The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018 (S.I. 2018/1149), reg. 1(3), Sch. para. 4 (with reg. 4); 2020 c. 1, Sch. 5 para. 1(1)
[F736Authorised open-ended investment companiesU.K.
Schedule 5 makes provision about authorised open-ended investment companies.]
Textual Amendments
F7S. 36 substituted (31.12.2020) by The Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/325), regs. 1(2), 4 (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)