[(1) . . .
(2) The FCA may, on the application of [an authorised person who has a Part 4A permission but is not a PRA-authorised person], vary the permission by—
(a) adding a regulated activity, other than a PRA-regulated activity, to those to which the permission relates;
(b) removing a regulated activity from those to which the permission relates;
(c) varying the description of a regulated activity to which the permission relates.
(3) The FCA may, on the application of [an authorised person who has a Part 4A permission but is not a PRA-authorised person], cancel the permission.
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