Financial Services and Markets Act 2000 (c. 8)

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Part III U.K. Authorisation and Exemption

Ending of authorisation U.K.

33 Withdrawal of authorisation F1 .... U.K.

(1) This section applies if—

(a) an authorised person’s [F2 Part 4A permission] is cancelled; and

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

(2) The [F3 appropriate regulator] must give a direction withdrawing that person’s status as an authorised person.

[F4 (2A) 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.]

Textual Amendments

F1 Words in s. 33 heading omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 2(5) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F2 Words in s. 33(1)(a) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 2(2) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F3 Words in s. 33(2) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 2(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F4 S. 33(2A) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 2(4) (with Sch. 20); S.I. 2013/423, art. 3, Sch.