OpenLegislation

Section 33 Withdrawal of authorisation ....F4

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

This section applies if—

(a)

an authorised person’s F1Part 4A permission is cancelled; and

(b)

as a result, there is no regulated activity for which he has permission.

(2)

The F2appropriate regulator must give a direction withdrawing that person’s status as an authorised person.

F3(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.

Annotations

Textual amendments

F1

Words in s. 33(1)(a) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 2(2) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F2

Words in s. 33(2) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 2(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F3

S. 33(2A) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 2(4) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F4

Words in s. 33 heading omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 2(5) (with Sch. 20); S.I. 2013/423, art. 3, Sch.