Part III

Authorisation and Exemption

Ending of authorisation

Withdrawal of authorisation ....
33
1
This section applies if—
a
an authorised person’s Part 4A permission is cancelled; and
b
as a result, there is no regulated activity for which he has permission.
2
The appropriate regulator must give a direction withdrawing that person’s status as an authorised person.
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.
Words in s. 33(2) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 2(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
Words in s. 33 heading omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 2(5) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
S. 33(2A) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 2(4) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
Words in s. 33(1)(a) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 2(2) (with Sch. 20); S.I. 2013/423, art. 3, Sch.