Interpretation of this Part.
193
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Financial Services and Markets Act 2000 Part XIII — Incoming Firms: Intervention by FCA or PRA
Interpretation
General grounds on which power of intervention is exercisable.
194
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contravention by relevant EEA firm with UK branch of requirement under markets in financial instruments directive: appropriate regulator primarily responsible for securing compliance
194A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contravention by relevant EEA firm of requirement in capital requirements directive or capital requirements regulation
194B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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 of requirement in insurance distribution directive: appropriate regulator primarily responsible for securing compliance
194D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Exercise of power in support of overseas regulator.
195
(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) “ An overseas regulator ” means an authority in a country or territory outside the United Kingdom— (a) which is a home state regulator; or (b) which exercises any function of a kind mentioned in subsection (4). (4) The functions are— (a) a function corresponding to any function of either regulator under this Act; (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (c) a function corresponding to any function exercised by the Secretary of State under the Companies Acts (as defined in section 2 of the Companies Act 2006) ; (d) a function in connection with — (i) the investigation of conduct of the kind prohibited by Part V of the Criminal Justice Act 1993 (insider dealing); or (ii) the enforcement of rules (whether or not having the force of law) relating to such conduct; (e) a function prescribed by regulations made for the purposes of this subsection which, in the opinion of the Treasury, relates to companies or financial services. (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contravention by relevant EEA firm , EEA UCITS or EEAAIFM of directive requirements: home state regulator primarily responsible for securing compliance
195A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contravention by relevant EEA firm of requirement in mortgages directive: home state regulator primarily responsible for securing compliance
195B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contravention by relevant EEA firm of requirement in insurance distribution directive: home state regulator primarily responsible for securing compliance
195C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The power of intervention.
196
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Exercise of power of intervention
Procedure on exercise of power of intervention.
197
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Power to apply to court for injunction in respect of certain overseas insurance companies.
198
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Additional procedure for EEA firms in certain cases.
199
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Management companies: loss of authorisation
199A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplemental
Rescission and variation of requirements.
200
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Effect of certain requirements on other persons
201
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contravention of requirement imposed under this Part.
202
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Powers of Office of Fair Trading
Power to prohibit the carrying on of Consumer Credit Act business.
203
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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