# The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018, Regulation 21: Interpretation


(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.
(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);
(b) the FCA, in any other case.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111172421/regulation/21 (the official version)
Page: https://openlegislation.uk/draft-eea-passport-rights-amendment-etc-and-transitional-provisions-eu-exit-regulations-2018/regulation-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.