SCHEDULES
SCHEDULE 4EEA passport rights and treaty rights
PART 4Amendments of Part 13 of FSMA 2000: Powers of intervention
40
(1)
Section 199A (management companies: loss of authorisation) is amended as follows.
(2)
In subsection (2), for “Authority”, in both places, substitute “
appropriate regulator
”
.
(3)
For subsection (4) substitute—
“(4)
In this section—
“the appropriate regulator” means whichever of the FCA and the PRA is the competent authority for the purposes of the UCITS directive;
“collective investment scheme” has the same meaning as in Part 17.”