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Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
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34. EEA firms

Omitted from 31 December 2020

(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(a) having its EEA authorisation withdrawn; or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.

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