SCHEDULES

SCHEDULE 4EEA passport rights and treaty rights

PART 1Amendments of Schedule 3 to FSMA 2000: EEA passport rights

Exercise of passport rights by UK firms

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1

Paragraph 24 (which relates to UK firms exercising rights under the banking consolidation directive) is amended as follows.

2

In sub-paragraph (1)(a), for “Part IV permission” substitute “ Part 4A permission ”.

3

In sub-paragraph (2)—

a

for “the Authority”, in the first place, substitute “ either regulator ”,

b

in paragraph (a), for “Part IV permission” substitute “ Part 4A permission ”, and

c

in paragraph (b), for “the Authority” substitute “ that regulator ”.