Modifications etc. (not altering text)
C1Pt. IV (ss. 40-55) extended (1.12.2001) by S.I. 2001/2636, arts. 1(2)(b), 3-24; S.I. 2001/3538, art. 2(1)
Pt. IV (ss. 40-55) extended (with modifications) (1.12.2001) by S.I. 2001/2636, arts. 1(2)(b), 35(5)(a); S.I. 2001/3538, art. 2(1)
Pt. IV (ss. 40-50) excluded (1.12.2001) by S.I. 2001/3592, arts. 1(2), 107(2) (with art. 23(2))
Pt. IV (ss. 40-55) modified (1.12.2001) by S.I. 2001/3592, arts. 1(2), 114(3)(a), 121(3), 128(3)(a) (with art. 23(2))
C2Pt. 4 applied (with modifications) (6.4.2005) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2004 (S.I. 2004/2737), art. 4
(1)In considering—
(a)an application for a Part IV permission, or
(b)whether to vary or cancel a Part IV permission,
the Authority may have regard to any person appearing to it to be, or likely to be, in a relationship with the applicant or person given permission which is relevant.
(2)Before—
(a)giving permission in response to an application made by a person who is connected with an EEA firm, or
(b)cancelling or varying any permission given by the Authority to such a person,
the Authority must consult the firm’s home state regulator.
(3)A person (“A”) is connected with an EEA firm if—
(a)A is a subsidiary undertaking of the firm; or
(b)A is a subsidiary undertaking of a parent undertaking of the firm.