[9H Directions to FCA or PRA requiring macro-prudential measures]
Bank of England Act 1998 (1998 c 11) | Legislation

[Directions by Financial Policy Committee]

[9H  Directions to FCA or PRA requiring macro-prudential measures]

[(1)     The Financial Policy Committee may give a direction to the FCA or the PRA (“the regulator”) requiring the regulator to exercise its functions so as to ensure the implementation, by or in relation to a specified class of regulated persons, of a macro-prudential measure described in the direction.

(2)     “Regulated person” means—

(a)     in relation to the FCA—

(i)     an authorised person within the meaning of FSMA 2000, [or]

(ii)     a recognised investment exchange within the meaning of that Act, . . .

(iii)     . . .

[(b)     in relation to the PRA—

(i)

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