Part III Authorisation and Exemption

Ending of authorisation

33 Withdrawal of authorisation F2....

1

This section applies if—

a

an authorised person’s F4Part 4A permission is cancelled; and

b

as a result, there is no regulated activity for which he has permission.

2

The F1appropriate regulator must give a direction withdrawing that person’s status as an authorised person.

F32A

In subsection (2) “the appropriate regulator” means—

a

in the case of a PRA-authorised person, the PRA, and

b

in any other case, the FCA.