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Part XIIU.K. Control Over Authorised Persons

Modifications etc. (not altering text)

C1Pt. 12 modified (1.12.2001) by S.I. 2001/3592, arts. 1(2), 114(3)(a) (with art. 23(2))

[F1Assessment procedureU.K.

Textual Amendments

F1Ss. 178-191G and cross-headings substituted (21.3.2009) for ss. 178-191 and cross-headings by The Financial Services and Markets Act 2000 (Controllers) Regulations 2009 (S.I. 2009/534), reg. 3, Sch. 1 (with reg. 8)

X1188Assessment: consultation with EC competent authoritiesU.K.

(1) The Authority must consult any appropriate home state regulator before making a determination under section 185 and, in doing so, must comply with such requirements as to consultation as may be prescribed.

(2)Where the Authority makes a determination under section 185, it must indicate any views or reservations received from any home state regulator it consults in accordance with subsection (1).

(3)The Authority must cooperate with any equivalent consultation by a host state regulator in relation to a UK authorised person.

(4)In order to comply with an obligation under subsection (1) or (3), the Authority must provide the regulator with—

(a)any relevant information that it requests; and

(b)any information that the Authority considers that it needs.]

Editorial Information

X1The substitution of ss. 178-191G for ss. 178-191 on 21.3.2009 which involves the insertion of several new headings in Pt. XII gives rise to a change in the structure of this legislation on SLD which breaks the continuity of historical versions of the existing provisions which are now brought under those new headings.