Sections 31(1)(b) and 37.
Meaning of "the appropriate UK regulator"
18A. In this Part of this Schedule "the appropriate UK regulator" means -
(a) where the UK firm is a PRA-authorised person, the PRA;
(b) in any other case, the FCA.
Establishment
(1) Subject to sub-paragraphs (5ZA), (5ZB), (5A) and (7BC) a UK firm may not exercise an EEA right to establish a branch unless three conditions are satisfied.
(2) The first is that the firm has given the appropriate UK regulator, in the specified way, notice of its intention to establish a branch ("a notice of intention") which -
(a) identifies the activities which it seeks to carry on through the branch; and
(b) includes such other information as may be specified.
(3) Subject to sub-paragraph (5B), the activities identified in a notice of intention may include activities which are not regulated activities.
(4) The second is that -
(a) the appropriate UK regulator has given notice in specified terms ("a consent notice") to the host s