[194C Contravention by relevant EEA firm with UK branch of requirement in mortgages directive: appropriate regulator primarily responsible for securing compliance]
[194C Contravention by relevant EEA firm with UK branch of requirement in mortgages directive: appropriate regulator primarily responsible for securing compliance]

[(1)     In this section “relevant EEA firm” means an EEA firm falling within paragraph 5(i) of Schedule 3 which is exercising in the United Kingdom an EEA right deriving from the mortgages directive.

(2)     This section applies if—

(a)     a relevant EEA firm has a branch in the United Kingdom; and

(b)     the appropriate regulator ascertains that the firm has contravened, or is contravening, a requirement to which Article 34(2) of the mortgages directive applies.

(3)     The appropriate regulator must give the firm written notice which—

(a)     requires the relevant EEA firm to put an end to the contravention;

(b)     states that

203 . . .

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