[192C Power to direct qualifying parent undertaking]

[Power of direction]

[192C  Power to direct qualifying parent undertaking]

[(1)     The appropriate regulator may give a direction under this section to a qualifying parent undertaking if either the general condition or the consolidated supervision condition is satisfied.

(2)     The general condition is that the appropriate regulator considers that it is desirable to give the direction in order to advance—

(a)     in the case of the FCA, one or more of its operational objectives;

(b)     in the case of the PRA, any of its objectives.

(3)     The consolidated supervision condition is that—

(a)     the appropriate regulator is the competent authority for the purpose

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