[63ZA Variation of senior manager's approval at request of relevant authorised person]
[63ZA Variation of senior manager's approval at request of relevant authorised person]

[(1)     Where an [approval under section 59 has effect] subject to conditions, the authorised person concerned may apply to the appropriate regulator to vary the approval by—

(a)     varying a condition,

(b)     removing a condition, or

(c)     imposing a new condition.

[(1A)     Where an approval under section 59 has effect for a limited period, the authorised person concerned may apply to the appropriate regulator to vary the approval by—

(a)     varying the period for which the approval is to have effect, or

(b)     removing the limit on the period for which the approval is to have effect.]

(2)     “The appropriate regulator”—

(a)     in the case of an application for variation of an approval in a way described in subsection (1)(a) or (b), means[—

(i)]     whichever of the FCA or the PRA imposed the condition concerned[, or

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