(1)An EEA firm ceases to qualify for authorisation under Part II of Schedule 3 if it ceases to be an EEA firm as a result of—
(a)having its EEA authorisation withdrawn; or
(b)ceasing to have an EEA right in circumstances in which EEA authorisation is not required.
(2)At the request of an EEA firm, the Authority may give a direction cancelling its authorisation under Part II of Schedule 3.
(3)If an EEA firm has a Part IV permission, it does not cease to be an authorised person merely because it ceases to qualify for authorisation under Part II of Schedule 3.
Modifications etc. (not altering text)
C1S. 34(2) modified (1.12.2001) by S.I. 2001/2511, regs. 1(1), 8; S.I. 2001/3538, art. 2(1)