Financial Services Act 2012 (c. 21)

SCHEDULES

SCHEDULE 4 EEA passport rights and treaty rights

PART 4 Amendments of Part 13 of FSMA 2000: Powers of intervention

40 (1) Section 199A (management companies: loss of authorisation) is amended as follows.

(2) In subsection (2), for “Authority”, in both places, substitute “appropriate regulator”.

(3) For subsection (4) substitute—

“(4) In this section—

• “the appropriate regulator” means whichever of the FCA and the PRA is the competent authority for the purposes of the UCITS directive;

• “collective investment scheme” has the same meaning as in Part 17.”