Part XIIIIncoming Firms: Intervention by Authority

Interpretation

193Interpretation of this Part

1

In this Part—

  • “additional procedure” means the procedure described in section 199;

  • “incoming firm” means—

    1. a

      an EEA firm which is exercising, or has exercised, its right to carry on a regulated activity in the United Kingdom in accordance with Schedule 3; or

    2. b

      a Treaty firm which is exercising, or has exercised, its right to carry on a regulated activity in the United Kingdom in accordance with Schedule 4; and

  • “power of intervention” means the power conferred on the Authority by section 196.

2

In relation to an incoming firm which is an EEA firm, expressions used in this Part and in Schedule 3 have the same meaning in this Part as they have in that Schedule.