C1 Part XIII Incoming Firms: Intervention by F4FCA or PRA
Pt. 13 modified (1.12.2001) by S.I. 2001/3592, arts. 1(2), 114(3)(a) (with art. 23(2))
Pt. 13 extended (1.12.2001) by S.I. 2001/2636, arts. 1(2)(b), 32; S.I. 2001/3538, art. 2(1)
Pt. 13 extended (5.10.2001 for specified purposes otherwise 1.12.2001) by S.I. 2001/3084, art. 2(7); S.I. 2001/3538, art. 2(1)
Pt 13 excluded (1.12.2001) by S.I. 2001/3592, art. 107(2) (with art. 23(2))
Interpretation
193 Interpretation of this Part.
1
In this Part—
“additional procedure” means the procedure described in section 199;
“incoming firm” means—
- a
an EEA firm which is exercising, or has exercised, its right to carry on a regulated activity in the United Kingdom in accordance with Schedule 3; or
- aa
F1an EEAUCITS which is a recognised scheme under section 264; or
- b
a Treaty firm which is exercising, or has exercised, its right to carry on a regulated activity in the United Kingdom in accordance with Schedule 4; and
- a
“power of intervention” means the power conferred on F5the FCA or the PRA by section 196.
F21A
In the definition of “incoming firm” references to an EEAUCITS include, in a case where the UCITS is not a body corporate, references to its management company.
2
In relation to an incoming firm which is an EEA firm F3or an EEAUCITS, expressions used in this Part and in Schedule 3 have the same meaning in this Part as they have in that Schedule.
Words in Pt. 13 heading substituted (27.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 4 para. 30 (with Sch. 20); S.I. 2013/423, arts. 2, 3, Sch.