20(1)A UK firm may not exercise an EEA right to provide services unless the firm has given the Authority, in the specified way, notice of its intention to provide services (“a notice of intention”) which—
(a)identifies the activities which it seeks to carry out by way of provision of services; and
(b)includes such other information as may be specified.
(2)The activities identified in a notice of intention may include activities which are not regulated activities.
(3)If the firm’s EEA right derives from the investment services directive or a banking co-ordination directive, the Authority must, within one month of receiving a notice of intention, send a copy of it to the host state regulator.
(4)When the Authority sends the copy under sub-paragraph (3), it must give written notice to the firm concerned.
(5)If the firm concerned’s EEA right derives from the investment services directive, it must not provide the services to which its notice of intention relates until it has received written notice from the Authority under sub-paragraph (4).
(6)“Specified” means specified in rules.