# Financial Services Act 2012, Paragraph 23


(1) Paragraph 3 (exercise of Treaty rights) is amended as follows.
(2) In sub-paragraph (2), for “Authority” substitute “ appropriate UK regulator ”.
(3) After that sub-paragraph insert—
“(2A) In sub-paragraph (2) “the appropriate UK regulator” means—
(a) where any of the activities to which the notification under that sub-paragraph relates is a PRA-regulated activity, the PRA;
(b) in any other case, the FCA.
(2B) Where the PRA receives a notification under sub-paragraph (2), it must give a copy to the FCA without delay.
(2C) Where the FCA receives a notification under sub-paragraph (2), it must in prescribed cases give a copy to the PRA without delay.”

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Source: https://www.legislation.gov.uk/ukpga/2012/21/schedule/4/paragraph/23 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012/schedule-4/paragraph-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.