1. Part 13 of the Act (incoming firms: intervention by Authority) is amended as follows.
2. After section 194 of the Act (general grounds on which power of intervention is exercisable) insert -
"194A. Contravention by relevant EEA firm with UK branch of requirement under markets in financial instruments directive: Authority primarily responsible for securing compliance
(1) This section applies if -
(a) a relevant EEA firm has a branch in the United Kingdom; and
(b) the Authority ascertains that the firm has contravened, or is contravening, a requirement falling within subsection (3) (in a case to which Article 62.2 of the markets in financial instruments directive applies).
(2) "Relevant EEA firm" means an EEA firm falling within paragraph 5(a) or (b) of Schedule 3 which is exercising in the United Kingdom an EEA right deriving from the markets in financial instruments directive.
(3) A requirement falls within this subsection if it is imposed on the firm -
(a) by