home state authorisation

home state authorisation
For the purposes of the Financial Services and Markets Act 2000, authorisation of an authorised person under the law of its home state to carry on a regulated activity.
The glossary to the FSA Handbook sets out the full definition of this term. When considering this term in the context of financial services, reference should be made to the FSA Handbook glossary definition of home state authorisation.
(as defined in paragraph 3(1)(a) of Schedule 4 to the Act (Treaty Rights)) authorisation of a firm under the law of its home state to carry on a regulated activity.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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