# The Financial Services Act 2012 (Transitional Provisions) (Permission and Approval) Order 2013, Article 23: Exercise of Treaty rights

Extent: E+W+S+N.I.

(1) Paragraph (2) applies if—
(a) 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
(b) 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.
(2) The information regarding home state authorisation is to be treated as if it had been received by the PRA.
(3) Paragraph (4) applies if—
(a) notice was given to the Authority, before the commencement date, in accordance with paragraph 5(2) of Schedule 4 (notice), and
(b) 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.
(4) The notice is to be treated as if it had been given to the PRA.

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Source: https://www.legislation.gov.uk/uksi/2013/440/article/23 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012-transitional-provisions-permission-and-approval-order-2013/article-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.