# The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018, Regulation 28: Deemed permission under Part 4A of the Financial Services and Markets Act 2000


(1) A person to whom this regulation applies shall be treated as if the person has permission to carry on a regulated activity in the United Kingdom under Part 4A of the 2000 Act.
(2) The regulated activity a person is permitted to carry on by virtue of this regulation is one specified (by reference to regulations 30 to 32) in regulation 33.
(3) Reference in an enactment to a person with permission under Part 4A of the 2000 Act (however expressed) is to be read, unless the contrary intention appears, as including a person treated as having permission to carry on a regulated activity under that Part by virtue of this regulation.
(4) Accordingly, a power of a regulator under the 2000 Act is exercisable in respect of such a person, and a regulated activity the person is permitted to carry on by virtue of this regulation, as it is in respect of a person with permission under Part 4A of that Act, and a regulated activity the person is permitted to carry on by virtue of Part 4A of that Act.
(5) Such a power is exercisable in relation to, in particular—
(a) the variation or cancellation of a permission to carry on a regulated activity, or
(b) the imposition of requirements, prohibitions or restrictions on a person who has such a permission.

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Source: https://www.legislation.gov.uk/uksi/2018/1149/regulation/28 (the official version)
Page: https://openlegislation.uk/eea-passport-rights-amendment-etc-and-transitional-provisions-eu-exit-regulations-2018/regulation-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.