SCHEDULES
SCHEDULE 4EEA passport rights and treaty rights
PART 2Amendments of Schedule 4 to FSMA 2000: Treaty rights
I1I223
1
Paragraph 3 (exercise of Treaty rights) is amended as follows.
2
In sub-paragraph (2), for “Authority” substitute “
appropriate UK regulator
”
.
3
After that sub-paragraph insert—
2A
In sub-paragraph (2) “the appropriate UK regulator” means—
a
where any of the activities to which the notification under that sub-paragraph relates is a PRA-regulated activity, the PRA;
b
in any other case, the FCA.
2B
Where the PRA receives a notification under sub-paragraph (2), it must give a copy to the FCA without delay.
2C
Where the FCA receives a notification under sub-paragraph (2), it must in prescribed cases give a copy to the PRA without delay.