Legislation – The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018
Changes to legislation:
The EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018, Section 21 is up to date with all changes known to be in force on or before 10 April 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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PART 3Transitional and saving provision: applications for permission to carry on a regulated activity
CHAPTER 7General provision
Interpretation21.
(1)
In this Part—
“the FCA” means the Financial Conduct Authority;
“home state regulator” means the competent authority of an EEA state in relation to the person concerned; and “competent authority” is construed in accordance with the EU instrument by virtue of which, immediately before F1IP completion day, the person derived authorisation to carry on a regulated activity in the United Kingdom;
“the PRA” means the Prudential Regulation Authority;
“regulated activity” has the same meaning as in section 22 of the 2000 Act M1.
(2)
A reference to the relevant regulator is, subject to a direction of the PRA or the FCA given with the consent of the other, a reference to—
(a)
the PRA, in a case where the regulated activities to which an application or notification under regulation 14 relates consist of or include a PRA-regulated activity (within the meaning of section 22A of the 2000 Act M2);
(b)
the FCA, in any other case.