Part III Authorisation and Exemption
Ending of authorisation
33 Withdrawal of authorisation F1....
(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.