[Part 5 Cancellation of Permission]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[Part 5 Cancellation of Permission]

[Cancellation of permission

31

A Schedule 2A permission may be cancelled in accordance with this Part of this Schedule—

(a)     on the initiative of the Gibraltar regulator (see paragraphs 32 to 36), or

(b)     on the initiative of a UK regulator (see paragraphs 37 to 39).

Gibraltar regulator's initiative: notification

32

(1)     If the appropriate UK regulator receives a notification from the Gibraltar regulator requesting the cancellation of a Gibraltar-based person's Schedule 2A permission (see paragraph 34), the permission is cancelled when the period for considering the notification ends (see paragraph 35).

(2)     A Schedule 2A permission is not cancelled under sub-paragraph (1) if, during the period for considering the notification—

(a)     the appropriate UK regulator rejects the notification (see paragraph 36), or

(b)     the Gibraltar regulator withdraws the notification.

(3)     References in this Part of this Schedule to a notification are references to a notification for the purposes of this paragraph.

Gibraltar regulator's initiative: the appropriate UK regulator

33

In

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Removal of a director

Removal of a directorThis note should be read in conjunction with Practice Note: Appointment, retirement and resignation of a director.For an illustration of the steps that must be taken to remove a director, see Removal of a director—flowchart.Removal from officeResolution to remove a directorA

LEXISNEXIS

Traditional procurement of construction contracts

Traditional procurement of construction contractsThis Practice Note provides a basic explanation of traditional procurement in construction. It looks at why this type of procurement is used and also considers particular issues to take into account when choosing to follow this procurement route.When

LEXISNEXIS

Indirect effect of EU law

Indirect effect of EU lawWhat is indirect effect of EU law?The doctrine of indirect effect, or consistent interpretation, is a duty that national courts have, as part of the Member State responsible for fulfilment of EU obligations, to interpret national law in light of EU law, especially with

LEXISNEXIS

Wounding or causing grievous bodily harm with intent

Wounding or causing grievous bodily harm with intentThe offence of causing grievous bodily harm with intentWounding or causing grievous bodily harm (GBH) with intent is triable only in the Crown Court on indictment. Elements of the offence Under the Offences against the Person Act 1861 (OATPA 1861),