Financial Services and Markets Act 2000

[F187ETransfer by [F2FCA] of application for approvalU.K.

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(1) The [F3FCA] may transfer an application for the approval of a prospectus or a supplementary prospectus to the competent authority of another EEA State (“the transferee authority”).

(2)Before doing so, the [F4FCA] must obtain the agreement of the transferee authority [F5and notify ESMA].

(3)The [F4FCA] must inform the applicant of the transfer within 3 working days beginning with the first working day after the date of the transfer.

(4)On making a transfer under subsection (1), the [F4FCA] ceases to have functions under this Part in relation to the application transferred.]

Textual Amendments

F1 Ss. 84-87R and cross-headings substituted for ss. 84-87 (1.7.2005) by The Prospectus Regulations 2005 (S.I. 2005/1433), reg. 2(1), Sch. 1 para. 5

F2Word in s. 87E heading substituted (24.1.2013 for specified purposes) by Financial Services Act 2012 (c. 21), ss. 16(7)(c), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3

F3Word in s. 87E(1) substituted (24.1.2013 for specified purposes) by Financial Services Act 2012 (c. 21), ss. 16(7)(a), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3

F4Word in s. 87E(2)-(4) substituted (24.1.2013 for specified purposes) by Financial Services Act 2012 (c. 21), ss. 16(7)(b), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3