Commentary

43 Variation and cancellation of Part 4A permission

BUILDING SOCIETIES vol 6(1)

43 Variation and cancellation of Part 4A permission

| Commentary

The Prudential Regulation Authority (PRA) may, on the application of a building society with a Part 4A permission1, cancel it completely or vary the permission by2:

  1. 43.1

        adding a regulated activity3 to those for which it gives permission; or

  2. 43.2

        removing a regulated activity from those for which it gives permission; or

  3. 43.3

        varying the description of a regulated activity for which it gives permission;

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