SCHEDULES

SCHEDULE 4EEA passport rights and treaty rights

PART 2Amendments of Schedule 4 to FSMA 2000: Treaty rights

25

(1)

Paragraph 4 (permission) is amended as follows.

(2)

In sub-paragraph (3)—

(a)

for “a Part IV permission” substitute “ a Part 4A permission ”, and

(b)

for “Authority” substitute “ appropriate UK regulator ”.

(3)

In sub-paragraph (4), for “Authority” substitute “ appropriate UK regulator ”.

(4)

After that sub-paragraph insert—

“(5)

The appropriate UK regulator” means—

(a)

where the Treaty firm is a PRA-authorised person, the FCA or the PRA;

(b)

in any other case, the FCA.”