Paragraph 11 I1I2
(1)
Paragraph 20 (services) is amended as follows.
(2)
For “Authority”, in each place, substitute “ appropriate UK regulator ”.
(3)
After sub-paragraph (3A) insert—
“(3AA)Where the PRA is the appropriate UK regulator, it must consult the FCA before deciding whether to give a consent notice.
(3AB)Where the FCA is the appropriate UK regulator, it must consult the PRA before deciding whether to give a consent notice in relation to a UK firm whose immediate group includes a PRA-authorised person.”
Annotations
Commencement
- I1
Sch. 4 para. 11 in force at 27.2.2013 for specified purposes by S.I. 2013/423, art. 2
- I2
Sch. 4 para. 11 in force at 1.4.2013 in so far as not already in force by S.I. 2013/423, art. 3, Sch.