SCHEDULES

C1SCHEDULE 4 Treaty Rights

Annotations:
Modifications etc. (not altering text)
C1

Sch. 4 extended (1.12.2001) by S.I. 2001/2636, arts. 1(2)(b), 28-32; S.I. 2001/3538, art. 2(1)

Permission

4

1

On qualifying for authorisation under this Schedule, a Treaty firm has permission to carry on each permitted activity through its United Kingdom branch or by providing services in the United Kingdom.

2

The permission is to be treated as being on terms equivalent to those to which the firm’s home state authorisation is subject.

3

If, on qualifying for authorisation under this Schedule, a firm has a Part IV permission which includes permission to carry on a permitted activity, the Authority must give a direction cancelling the permission so far as it relates to that activity.

4

The Authority need not give a direction under sub-paragraph (3) if it considers that there are good reasons for not doing so.