[(1) Where the first, second and third conditions are met, the PRA may give a direction under this section to the FCA.
(2) The first condition is that the FCA is proposing—
(a) to exercise any of its regulatory powers in relation to PRA-authorised persons generally, a class of PRA-authorised persons or a particular PRA-authorised person, or
(b) to exercise any of its insolvency powers in relation to—
(i) a PRA-authorised person,
(ii) an appointed representative whose principal, or one of whose principals, is a PRA-authorised person, or
(iii) a person who is carrying on a PRA-regulated activity in contravention of the
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