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Part IIIU.K. Authorisation and Exemption

Ending of authorisationU.K.

35 Treaty firms.U.K.

(1)A Treaty firm ceases to qualify for authorisation under Schedule 4 if its home State authorisation is withdrawn.

(2)At the request of a Treaty firm, the Authority may give a direction cancelling its Schedule 4 authorisation.

(3)If a Treaty firm has a Part IV permission, it does not cease to be an authorised person merely because it ceases to qualify for authorisation under Schedule 4.