The Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025
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Change 1
26 Notification by a person to whom regulation 22 applies
(1) A person— (a) to whom regulation 22 applies, and (b) who satisfies the conditions in regulation 24(1) or (2), must, as soon as reasonably practicable following the relevant day, notify the PRA and the FCA that the person is carrying on a regulated activity in the United Kingdom. (2) For the purposes of paragraph (1), the notification must— (a) be made in such manner, and (b) contain, or be accompanied by, such information, as the regulator to whom the notification is being given may direct.
26 Notification by a person to whom regulation 22 applies
(1) A person— (a) to whom regulation 22 applies, and (b) who satisfies the conditions in regulation 24(1) or (2), must, as soon as reasonably practicable following the relevant day, notify the PRA and the FCA that the person is carrying on a regulated activity in the United Kingdom. (2) For the purposes of paragraph (1), the notification must— (a) be made in such manner, and (b) contain, or be accompanied by, such information, as the regulator to whom the notification is being given may direct.
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