(1) Part 3 of the 2000 Act (authorisation and exemption) is amended as follows.

(2) Omit section 31(1)(b) (authorised persons: EEA firms).

(3) Omit section 31(1)(c) (authorised persons: Treaty firms).

(4) Omit section 37 (exercise of EEA rights by UK firms).

(5) In Schedule 3 (EEA passport rights), omit -

(a) Part 2 (exercise of passport rights by EEA firms);

(b) Part 3 (exercise of passport rights by UK firms).

(6) Omit Schedule 4 (Treaty rights).