Part IV Permission to Carry on Regulated Activities
Additional permissions
50 Authority’s duty to consider other permissions etc.
(1)
“Additional Part IV permission” means a Part IV permission which is in force in relation to an EEA firm, a Treaty firm or a person authorised as a result of paragraph 1(1) of Schedule 5.
(2)
If the Authority is considering whether, and if so how, to exercise its own-initiative power under this Part in relation to an additional Part IV permission, it must take into account—
(a)
the home State authorisation of the authorised person concerned;
(b)
any relevant directive; and
(c)
relevant provisions of the Treaty.