Article 17 EEA firms seeking to establish a branchI1
United Kingdom
Paragraph (2) applies in relation to an EEA firm which, before the commencement date—
was seeking to establish a branch as mentioned in paragraph 12(1) of Schedule 3 (firms qualifying for authorisation); and
had not satisfied the establishment conditions in paragraph 13 of that Schedule.
Any notice within the meaning of paragraph (3) received by the Authority before the commencement date is to be treated as if it had been received by the PRA if the notice would have been sent to the PRA as the appropriate UK regulator (within the meaning of paragraph 13(4) of that Schedule) had the notice been sent on the commencement date.
The notices are—
a consent notice within the meaning of paragraph 13(1)(a) of Schedule 3;
a regulator’s notice within the meaning of paragraph 13(1A)(b) of that Schedule.
Any notification within the meaning of paragraph (5) sent by the Authority before the commencement date is to be treated as if it had been sent by the PRA if the consent notice in response to which the notification was sent would have been received by the PRA as the appropriate UK regulator (within the meaning of paragraph 13(4) of Schedule 3) had the relevant notice been received on the commencement date.
The notification is a notification by the Authority of the applicable provisions sent in accordance with paragraph 13(2) of Schedule 3.