[143K Imposition of requirements on non-authorised parent undertakings]

[Imposition of requirements on non-authorised parent undertakings]

[143K  Imposition of requirements on non-authorised parent undertakings]

[(1)     The FCA may, on the application of a non-authorised parent undertaking of an FCA investment firm—

(a)     impose a requirement on the parent undertaking,

(b)     vary a requirement imposed on the parent undertaking under this section, or

(c)     cancel such a requirement.

(2)     The FCA may exercise its power under subsection (3) in relation to a non-authorised parent undertaking of an FCA investment firm if it appears to the FCA that—

(a)     it is necessary or expedient to do so in order to manage risks specified in

Popular documents