[(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.
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