Schedule 4, Part 1 Amendments of Schedule 3 to FSMA 2000: EEA passport rights (paras. 1-21)
Introductory
1 Schedule 3 to FSMA 2000 (EEA passport rights) is amended as follows.
Exercise of passport rights by EEA firms
(1) Paragraph 13 (establishment) is amended as follows.
(2) In sub-paragraphs (1) and (1A), for "Authority", in each place, substitute "appropriate UK regulator".
(3) After sub-paragraph (1A) insert -
"(1B) Where the PRA receives a consent notice, it must give a copy to the FCA without delay.
(1C) Where the FCA receives a consent notice it must in prescribed cases give a copy to the PRA without delay.
(1D) In a case where the FCA is the appropriate UK regulator, the consent of the PRA is required for any notice by the FCA for the purposes of sub-paragraph (1)(ba) which relates to -