28(1)Section 35 of FSMA 2000 (Treaty firms) is amended as follows.U.K.
(2)In subsection (2), for “the Authority” substitute “ the appropriate regulator ”.
(3)After that subsection insert—
“(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.”
(4)In subsection (3), for “Part IV permission” substitute “ Part 4A permission ”.
Commencement Information
I1Sch. 4 para. 28 in force at 27.2.2013 for specified purposes by S.I. 2013/423, art. 2
I2Sch. 4 para. 28 in force at 1.4.2013 in so far as not already in force by S.I. 2013/423, art. 3, Sch.