[203A Insurance distribution directive: enhanced supervision of EEA firms by UK regulators]
[203A Insurance distribution directive: enhanced supervision of EEA firms by UK regulators]

[(1)     The appropriate regulator may agree with a relevant EEA firm's home state regulator that the appropriate regulator may exercise relevant functions in relation to the firm.

(2)     The appropriate regulator must notify the firm and EIOPA of the agreement without delay.

(3)     Subsection (2) does not require the PRA to notify the firm and EIOPA where the PRA is satisfied that the FCA is required to do so, or has done so, or will do so.