(1) These Regulations may be cited as the Financial Services and Markets Act 2000 (EEA Passport Rights) Regulations 2001, and come into force on the day on which section 19 of the Act comes into force.

(2) In these Regulations -

"the 2BCD Regulations" means the Banking Coordination (Second Council Directive) Regulations 1992 [SI 1992/3218, amended by the Bank of England Act 1998 (c. 11), Sch. 5 and Sch. 9, and by SIs 1993/1819, 1993/3225, 1995/1217, 1995/1442, 1995/1537, 1996/1669, 1997/816, 1999/2094, 2000/2952 and 2001/1149.];

"the Act" means the Financial Services and Markets Act 2000;

"authorised agent" means, in relation to an EEA firm or UK firm, an agent or employee of the firm who has authority to bind the firm in its relations with third parties, and to represent the firm in its relations with the FCA, the PRA or the host state regulator (as the case may be) and with the courts in the United Kingdom or the EEA State concerned (as the case may be);