SCHEDULES

SCHEDULE 3EEA Passport Rights

Part II Exercise of Passport Rights by EEA Firms

Effect of carrying on regulated activity when not qualified for authorisation

16

(1)

This paragraph applies to an EEA firm which is not qualified for authorisation under paragraph 12.

(2)

Section 26 does not apply to an agreement entered into by the firm.

(3)

Section 27 does not apply to an agreement in relation to which the firm is a third party for the purposes of that section.

(4)

Section 29 does not apply to an agreement in relation to which the firm is the deposit-taker.