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Financial Services and Markets Act 2000
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50Authority’s duty to consider other permissions etc
(1)“Additional Part IV permission” means a Part IV permission which is in force in relation to an EEA firm, a Treaty firm or a person authorised as a result of paragraph 1(1) of Schedule 5.
(2)If the Authority is considering whether, and if so how, to exercise its own-initiative power under this Part in relation to an additional Part IV permission, it must take into account—
(a)the home State authorisation of the authorised person concerned;
(b)any relevant directive; and
(c)relevant provisions of the Treaty.
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