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The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018
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- UK Statutory Instruments
- 2018 No. 1149
- PART 3
- CHAPTER 7
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Changes over time for: CHAPTER 7
Version Superseded: 31/01/2020
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- 07/11/2018- Amendment
- 06/09/2019
Point in time - 31/01/2020- Amendment
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The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018, CHAPTER 7 is up to date with all changes known to be in force on or before 30 May 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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CHAPTER 7U.K.General provision
DirectionsU.K.
20. The power to give directions under this Part includes the power—
(a)to give different directions in relation to different persons or categories of person;
(b)to vary or revoke a previous direction.
InterpretationU.K.
21.—(1) In this Part—
“the FCA” means the Financial Conduct Authority;
“home state regulator” means the competent authority of an EEA state in relation to the person concerned; and “competent authority” is construed in accordance with the EU instrument by virtue of which, immediately before exit day, the person derived authorisation to carry on a regulated activity in the United Kingdom;
“the PRA” means the Prudential Regulation Authority;
“regulated activity” has the same meaning as in section 22 of the 2000 Act M1.
(2) A reference to the relevant regulator is, subject to a direction of the PRA or the FCA given with the consent of the other, a reference to—
(a)the PRA, in a case where the regulated activities to which an application or notification under regulation 14 relates consist of or include a PRA-regulated activity (within the meaning of section 22A of the 2000 Act M2);
(b)the FCA, in any other case.
Marginal Citations
M1Section 22 is amended by section 7(1) of the Financial Services Act 2012 (c. 21) and by S.I. 2018/135.
M2Section 22A is inserted by section 9 of the Financial Services Act 2012 (c. 21).
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