Financial Services and Markets Act 2000

35Treaty firms

This section has no associated Explanatory Notes

(1)A Treaty firm ceases to qualify for authorisation under Schedule 4 if its home State authorisation is withdrawn.

(2)At the request of a Treaty firm, the Authority may give a direction cancelling its Schedule 4 authorisation.

(3)If a Treaty firm has a Part IV permission, it does not cease to be an authorised person merely because it ceases to qualify for authorisation under Schedule 4.