34 EEA firms
34 EEA firms

(1)     An EEA firm ceases to qualify for authorisation under Part II of Schedule 3 if it ceases to be an EEA firm as a result of—

(a)     having its EEA authorisation withdrawn; or

(b)     ceasing to have an EEA right in circumstances in which EEA authorisation is not required.

(2)     At the request of an EEA firm, [the appropriate regulator] may give a direction cancelling its authorisation under Part II of Schedule 3.

[(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.]