SCHEDULES
SCHEDULE 4EEA passport rights and treaty rights
PART 4Amendments of Part 13 of FSMA 2000: Powers of intervention
I1I234
1
Section 195 (exercise of power in support of overseas regulator) is amended as follows.
2
In subsection (1), for “Authority” substitute “
appropriate regulator
”
.
3
In subsection (2), for “Authority's” substitute “appropriate regulator's”.
4
After subsection (2) insert—
2A
The appropriate regulator” means—
a
where the incoming firm is a PRA-authorised person, the FCA or the PRA;
b
in any other case, the FCA.
5
In subsection (4)—
a
in paragraph (a), for “the Authority” substitute “
either regulator
”
, and
b
omit paragraph (b).
6
In subsections (5) to (8), for “Authority”, in each place, substitute “
appropriate regulator
”
.