Article 23 Exercise of Treaty rightsI1
United Kingdom
Paragraph (2) applies if—
a home state regulator had informed the Authority before the commencement date that a firm had home state authorisation for the regulated activity in question, for the purposes of paragraph 3 of Schedule 4; and
the information would have been sent to the PRA as the appropriate UK regulator within the meaning of paragraph 3(2A) of Schedule 4 had the information been sent on the commencement date.
The information regarding home state authorisation is to be treated as if it had been received by the PRA.
Paragraph (4) applies if—
notice was given to the Authority, before the commencement date, in accordance with paragraph 5(2)f1 of Schedule 4 (notice), and
the notice would have been given to the PRA as the appropriate UK regulator within the meaning of paragraph 5(2A) of Schedule 4 had the notice been given on the commencement date.
The notice is to be treated as if it had been given to the PRA.
Annotations
Commencement
Footnotes
- f1
-
Paragraph 5 is amended by the 2012 Act, Schedule 4, Part 2, paragraph 26.