33 Withdrawal of authorisation . . .
33 Withdrawal of authorisation . . .

(1)     This section applies if—

(a)     an authorised person's [Part 4A permission] is cancelled; and

(b)     as a result, there is no regulated activity for which he has permission.

(2)     The [appropriate regulator] must give a direction withdrawing that person's status as an authorised person.

[(2A)     In subsection (2) “the appropriate regulator” means—

(a)     in the case of a PRA-authorised person, the PRA, and

(b)     in any other case, the FCA.]