Part III Authorisation and Exemption

Ending of authorisation

34EEA firms.

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having its EEA authorisation withdrawn; or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.

C12

At the request of an EEA firm, F1the appropriate regulator may give a direction cancelling its authorisation under Part II of Schedule 3.

F22A

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.

3

If an EEA firm has a F3Part 4A permission, it does not cease to be an authorised person merely because it ceases to qualify for authorisation under Part II of Schedule 3.