Financial Services Act 2012 (c. 21)

SCHEDULES

SCHEDULE 4 U.K. EEA passport rights and treaty rights

PART 1 U.K. Amendments of Schedule 3 to FSMA 2000: EEA passport rights

Exercise of passport rights by UK firms U.K.

16 (1) Paragraph 24 (which relates to UK firms exercising rights under the banking consolidation directive) is amended as follows. U.K.

(2) In sub-paragraph (1)(a), for “Part IV permission” substitute “ Part 4A permission ”.

(3) In sub-paragraph (2)—

(a) for “the Authority”, in the first place, substitute “ either regulator ”,

(b) in paragraph (a), for “Part IV permission” substitute “ Part 4A permission ”, and

(c) in paragraph (b), for “the Authority” substitute “ that regulator ”.

Commencement Information

I1 Sch. 4 para. 16 in force at 27.2.2013 for specified purposes by S.I. 2013/423, art. 2