SCHEDULES

SCHEDULE 4U.K.EEA passport rights and treaty rights

PART 4 U.K.Amendments of Part 13 of FSMA 2000: Powers of intervention

34(1)Section 195 (exercise of power in support of overseas regulator) is amended as follows.U.K.

(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 ”.