In Part 6 of the Financial Services and Markets Act 2000 (c. 8), after section 100 insert -
"100A. Exercise of powers where UK is host member state
(1) This section applies to the exercise by the competent authority of any power under this Part exercisable in case of infringement of -
(a) a provision of prospectus rules or any other provision made in accordance with the prospectus directive, or
(b) a provision of transparency rules or any other provision made in accordance with the transparency obligations directive,
in relation to an issuer whose home State is a member State other than the United Kingdom.
(2) The competent authority may act in such a case only in respect of the infringement of a provision required by the relevant directive.
Any reference to an applicable provision or applicable transparency obligation shall be read accordingly.
(3) If the authority finds that there has been such an infringement, it must give a notice to that effect to the competent authority of the p
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