SCHEDULES

SCHEDULE 3EEA Passport Rights

Part II Exercise of Passport Rights by EEA Firms

Giving up right to authorisation

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Regulations may provide that in prescribed circumstances an EEA firm falling within paragraph 5(c) may, on following the prescribed procedure—

(a)

have its qualification for authorisation under this Schedule cancelled; and

(b)

seek to become an authorised person by applying for a Part IV permission.