SCHEDULES
SCHEDULE 4

EEA passport rights and treaty rights
PART 4

Amendments of Part 13 of FSMA 2000: Powers of intervention
39
1
Section 199 (additional procedure for EEA firms in certain cases) is amended as follows.
2
In subsection (1), for “the Authority” substitute “a regulator”.
3
In subsection (2)(a)(i), for “the Authority” substitute “that regulator”.
4
In subsections (3) to (11), for “the Authority” substitute “the regulator”.
5
After subsection (11) insert—
12
Subsection (3) is not to be regarded as requiring the PRA to take action in relation to the contravention of a relevant requirement in a case where it is satisfied that the FCA is required to act, and is acting or has acted, under subsection (3)—
a
in relation to that requirement, or
b
where that requirement is imposed by rules made by the PRA, in relation to an identical requirement imposed by rules made by the FCA.