Financial Services and Markets Act 2000 (c. 8)

Part III U.K. Authorisation and Exemption

Ending of authorisation U.K.

35 Treaty firms. U.K.

(1) A Treaty firm ceases to qualify for authorisation under Schedule 4 if its home State authorisation is withdrawn.

(2) At the request of a Treaty firm, the Authority may give a direction cancelling its Schedule 4 authorisation.

(3) If a Treaty firm has a Part IV permission, it does not cease to be an authorised person merely because it ceases to qualify for authorisation under Schedule 4.