[194B Contravention by relevant EEA firm of requirement in capital requirements directive or capital requirements regulation]
[194B Contravention by relevant EEA firm of requirement in capital requirements directive or capital requirements regulation]

[(1)     In this section—

(a)      “relevant EEA firm” means an EEA firm falling within paragraph 5(a) or 5(b) of Schedule 3 which is exercising in the United Kingdom an EEA right deriving from capital requirements directive; and

(b)      “Article 3” means Article 3 of Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 on the reorganisation and winding up of credit institutions.

(2)      This section applies where—

(a)      a relevant EEA firm has a branch, or is providing services, in the United Kingdom; and

(b)      the appropriate regulator ascertains on the basis of information received from the home state regulator that the firm is contravening, or is at a material risk of contravening, a requirement of the capital requirements directive or capital requirements regulation.

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203 . . .