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
I1I210
1
Paragraph 19 (establishment) is amended as follows.
2
For “Authority”, in each place, substitute “
appropriate UK regulator
”
.
3
After sub-paragraph (7B) insert—
7C
Where the PRA is the appropriate UK regulator, it must consult the FCA before deciding whether to give a consent notice, except where sub-paragraph (7A) applies.
7D
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.