Paragraph 25 I1 I2

(1)

Paragraph 4 (permission) is amended as follows.

(2)

In sub-paragraph (3)—

(a)

for “a Part IV permission” substitute “ a Part 4A permission ”, and

(b)

for “Authority” substitute “ appropriate UK regulator ”.

(3)

In sub-paragraph (4), for “Authority” substitute “ appropriate UK regulator ”.

(4)

After that sub-paragraph insert—

“(5)
The appropriate UK regulator” means—
(a)
where the Treaty firm is a PRA-authorised person, the FCA or the PRA;
(b)
in any other case, the FCA.”

Annotations

I1: Sch. 4 para. 25 in force at 27.2.2013 for specified purposes by S.I. 2013/423, art. 2
I2: Sch. 4 para. 25 in force at 1.4.2013 in so far as not already in force by S.I. 2013/423, art. 3, Sch.