Article 32 UK firm seeking to establish a branch
This article applies where—
before the commencement date, the Authority received a notice of intention within the meaning of paragraph 19(2)f1 of Schedule 3 (establishment); and
the notice would have been sent to the PRA as the appropriate UK regulator (within the meaning of paragraph 18Af2 of that Schedule (meaning of “the appropriate UK regulator”)) had the notice been sent on the commencement date.
Paragraph (3) applies if, before the commencement date, the Authority—
gave a warning notice under paragraph 19(8) of Schedule 3; and
had not given a decision notice or a notice of discontinuance following that warning notice.
The warning notice is to be treated as if it had been given by the PRA.
Paragraph (5) applies if, before the commencement date—
the Authority—
gave a decision notice under paragraph 19(12) of that Schedule; and
had not given a final notice or notice of discontinuance following that decision notice; and
the decision notice was not referred to the Tribunal.
The decision notice is to be treated as if it had been given by the PRA.