# Financial Services Act 2012, Paragraph 25


(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.”

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Source: https://www.legislation.gov.uk/ukpga/2012/21/schedule/4/paragraph/25 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012/schedule-4/paragraph-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.