Part IIIAuthorisation and Exemption

Ending of authorisation

35Treaty firms

(1)

A Treaty firm ceases to qualify for authorisation under Schedule 4 if its home State authorisation is withdrawn.

(2)

At the request of a Treaty firm, the Authority may give a direction cancelling its Schedule 4 authorisation.

(3)

If a Treaty firm has a Part IV permission, it does not cease to be an authorised person merely because it ceases to qualify for authorisation under Schedule 4.