Financial Services and Markets Bill - continued        House of Commons
SCHEDULE 6, QUALIFYING CONDITIONS - continued

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  PART II
  AUTHORISATION
 
Authorisation under Schedule 3
     7. In relation to an EEA firm qualifying for authorisation under Schedule 3, the conditions set out in paragraphs 2 to 6 apply, so far as relevant, to-
 
 
    (a) an application for permission under Part IV;
 
    (b) exercise of the Authority's own-initiative power under section 40 in relation to a part IV permission.
 
Authorisation under Schedule 4
     8. In relation to a person who qualifies for authorisation under Schedule 4, the conditions set out in paragraphs 2 to 6 apply, so far as relevant, to-
 
 
    (a) an application for an additional permission;
 
    (b) exercise of the Authority's own-initiative power under section 40 in relation to additional permission.
 
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