(1) An EEA firm ceases to qualify for authorisation under Part II of Schedule 3 if it ceases to be an EEA firm as a result of -
(a) having its EEA authorisation withdrawn; or
(b) ceasing to have an EEA right in circumstances in which EEA authorisation is not required.
(2) At the request of an EEA firm, the appropriate regulator may give a direction cancelling its authorisation under Part II of Schedule 3.
(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.
(3) If an EEA firm has a Part 4A permission, it does not cease to be an authorised person merely because it ceases to qualify for authorisation under Part II of Schedule 3.