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FSMA 2000 is amended as follows.

(1)     Section 33 (withdrawal of authorisation) is amended as follows.

(2)     In subsection (1)(a), for “Part IV permission” substitute “Part 4A permission”.

(3)     In subsection (2), for “Authority” substitute “appropriate regulator”.

(4)     After that subsection insert—

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

(5)     In the heading, omit “by the Authority”.

(1)     Section 36 (persons authorised as a result of being concerned in collective investment schemes) is amended as follows.

(2)     In subsection (1), for “Authority” substitute “FCA”.

(3)     In subsection (2), for “Part IV permission” substitute “Part 4A permission”.

In section 38 (exemption orders), in subsection (2), for “Part IV permission” substitute “Part 4A permission”.

(1)     Section 39 (exemption of appointed representatives) is amended as follows.

(2)     In subsection (1B), for “Authority”, in each place, substitute “FCA”.

(3)     For subsection (4) substitute—

“(4)     In determining whether an authorised person has complied with—