[313BB Revocation of requirements: applications by institutions]
[313BB Revocation of requirements: applications by institutions]

[(1)     This section applies where the [FCA] has imposed a requirement on an institution or a class of institutions under section 313A.

(2)     The institution or any of the institutions in the class may apply to the [FCA] for the revocation of the requirement.

(3)     The [FCA] must decide whether to revoke the requirement.

(4)     In the case of a requirement imposed on a class of institutions, the [FCA] may decide to revoke it in relation to—

(a)     the class;

(b)     the class apart from one or more specified members of it; or

(c)     one or more specified members of the class only.

(5)     The [FCA] must give a warning notice if—