[Part 12 Consultation etc by UK Regulators]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[Part 12 Consultation etc by UK Regulators]

[FCA's duties to consult the PRA

73

(1)     The FCA must consult the PRA before—

(a)     rejecting a notification under paragraph 19 in a case in which the person with responsibility for managing an aspect of the Gibraltar-based person's affairs is prohibited by an order under section 56 from performing a function in relation to an activity carried on by a PRA-authorised person, or

(b)     rejecting a notification under paragraph 20 in a case in which a relevant access right that was lost related to a PRA-regulated activity.

(2)     The FCA must consult the PRA before doing any of the following in a case in which the Gibraltar-based person is a PRA-authorised person or a member of a group that includes a PRA-authorised person—

(a)     rejecting a notification under paragraph 26(5);

(b)     varying a Schedule 2A permission under paragraph 27;

(c)     rejecting a notification under paragraph 36(4);

(d)     cancelling a Schedule 2A permission under paragraph 37(1);

(e)     imposing a requirement under paragraph 41(3);

(f)     rejecting a notification under paragraph 48(4);

(g)     imposing, varying or cancelling a requirement

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