OpenLegislation

Regulation 28 Interpretation

Original text. Later amendments are not shown.

(1)

In this Part—

  • “the 2018 Regulations” means the EEA Passport (Amendment etc., and Transitional Provisions) (EU Exit) Regulations 2018f1;

  • “authorised incoming provider” and “unauthorised incoming provider” have the meanings given in regulation 2(1) of the 2002 Regulations as it had effect immediately before commencement day;

  • “commencement day” means the day on which these Regulations come into force;

  • “the FCA” means the Financial Conduct Authority;

  • “home state regulator” means a competent authority of an EEA state in relation to the person concerned; and “competent authority” is to be construed in accordance with the EU instrument by virtue of which, immediately before commencement day, the person derived authorisation to carry on an activity regulated in that EEA state.

(2)

For the purposes of this Part, “relevant incoming provider” means a person who, immediately before commencement day—

(a)

is an authorised incoming provider or an unauthorised incoming provider, and

(b)

if the person carries on any activity which is regulated by the person’s home state regulator, is authorised, under the law of that state, to carry on that activity.

Annotations

Footnotes

f1

S.I. 2018/1149, as amended by S.I. 2019/[xxxx].