Exercise of passport rights by UK firms
This section has no associated Explanatory Notes
15(1)Paragraph 23 (power to impose requirements) is amended as follows.
(2)For “the Authority”, in each place, substitute “the FCA”.
(3)In sub-paragraph (1)(a), for “Part IV permission” substitute “Part 4A permission”.
(4)In sub-paragraphs (2) and (2A), for “section 45” substitute “section 55L or 55M”.
(5)After sub-paragraph (2A) insert—
“(2B)This paragraph does not affect any duty of the FCA to consult the PRA before exercising its power under section 55L or 55M.”