Financial Services and Markets Act 2000

193Interpretation of this Part

This section has no associated Explanatory Notes

(1)In this Part—

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

  • “incoming firm” means—

    (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

    (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.