SCHEDULES

SCHEDULE 4EEA passport rights and treaty rights

PART 3Amendments of sections 34 and 35 of FSMA 2000: EEA firms and Treaty firms

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1

Section 35 of FSMA 2000 (Treaty firms) is amended as follows.

2

In subsection (2), for “the Authority” substitute “the appropriate regulator”.

3

After that subsection insert—

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.

4

In subsection (3), for “Part IV permission” substitute “Part 4A permission”.