The Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025

1. Introductory Text

2. Part 1 Introductory provisions

   1. 1. Citation, commencement, extent and interpretation

3. Part 2 Provisions relating to the FCA, the PRA and the Bank of England

   1. 2. Interpretation of Part 2

   2. 3. Making of arrangements by the FCA and the PRA

   3. 4. Provision of advice, support and assistance by the FCA, the PRA and the Bank of England

   4. 5. Cooperation arrangements

4. Part 3 Insurance

   1. 6. Notification form

5. Part 4 Investment Services

   1. Chapter 1 Interpretation

      1. 7. Interpretation of Part 4

   2. Chapter 2 The register

      1. 8. The register of registered Swiss suppliers

      2. 9. Modifications to the register

      3. 10. Right to refer matters to the Tribunal

      4. 11. Duty of PRA to disclose information relevant to the register

      5. 12. Publication of register

   3. Chapter 3 Product intervention rules

      1. 13. Product intervention powers

   4. Chapter 4 Information gathering

      1. 14. Obtaining information from a registered Swiss supplier

   5. Chapter 5 Imposition and variation of prohibitions and restrictions

      1. 15. Imposition of prohibitions and restrictions by FCA

      2. 16. Imposition of prohibitions and restrictions by PRA

      3. 17. Exercise of prohibition or restriction power: procedure

      4. 18. Consequences of breach of prohibition or restriction

      5. 19. References to the Tribunal

   6. Chapter 6 Amendments to the RAO

      1. 20. Amendments to the RAO

   7. Chapter 7 Wind down regime

      1. Section 1 Exemption from the general prohibition

         1. 21. Interpretation of Chapter 7

         2. 22. Exemption from the general prohibition under Part 2 of FSMA 2000

         3. 23. Application of regulation 22

         4. 24. Conditions to be satisfied for regulation 22 to apply

         5. 25. Regulated activities in respect of which regulation 22 has effect

      2. Section 2 Exemption from the general prohibition: procedure, etc.

         1. 26. Notification by a person to whom regulation 22 applies

         2. 27. Information to be supplied by a person to whom regulation 22 applies

         3. 28. Information to be supplied to a party to a contract with a person to whom regulation 22 applies

         4. 29. Publication of information provided under regulations 27 or 28

      3. Section 3 Exemption from the general prohibition: regulation

         1. 30. Variation and cancellation of an exemption under regulation 22

         2. 31. Variation and cancellation: procedure

         3. 32. Application of Part 26 of FSMA 2000 (notices)

         4. 33. Variation and cancellation: appeal

         5. 34. Product intervention rules

         6. 35. Information gathering

         7. 36. Disciplinary measures

      4. Section 4 Exemption from the general prohibition: duration

         1. 37. Period during which regulation 22 is to apply

      5. Section 5 General provisions

         1. 38. Directions

   8. Chapter 8 Amendments to the Financial Promotion Order

      1. 39. Amendments to the Financial Promotion Order

6. Part 5 Prudential Safeguard

   1. 40. Interpretation of Part 5

   2. 41. Prudential measures

   3. 42. Prudential measures: procedure

   4. 43. References to the Tribunal

   5. 44. Consequences of breach of prohibition, condition or restriction

7. Signature

8. Explanatory Note