This section has no associated Explanatory Notes
11(1)Paragraph 20 (services) is amended as follows.U.K.
(2)For “Authority”, in each place, substitute “ appropriate UK regulator ”.
(3)After sub-paragraph (3A) insert—
“(3AA)Where the PRA is the appropriate UK regulator, it must consult the FCA before deciding whether to give a consent notice.
(3AB)Where the FCA is the appropriate UK regulator, it must consult the PRA before deciding whether to give a consent notice in relation to a UK firm whose immediate group includes a PRA-authorised person.”
Commencement Information
I1Sch. 4 para. 11 in force at 27.2.2013 for specified purposes by S.I. 2013/423, art. 2
I2Sch. 4 para. 11 in force at 1.4.2013 in so far as not already in force by S.I. 2013/423, art. 3, Sch.