Paragraph 27 I1I2

Section 34 of FSMA 2000 (EEA firms) is amended as follows.

In subsection (2), for “the Authority” substitute “ the appropriate regulator ”.

After that subsection insert—

“(2A)

In subsection (2) “the appropriate regulator” means—

(a)

in the case of a PRA-authorised person, the PRA, and

(b)

in any other case, the FCA.”

In subsection (3), for “Part IV permission” substitute “ Part 4A permission ”.