[63ZB Variation of senior manager's approval on initiative of regulator]
[63ZB Variation of senior manager's approval on initiative of regulator]

[(1)     The FCA may vary an approval under section 59 given by the FCA or the PRA for the performance of a designated senior management function in relation to the carrying on of a regulated activity by a relevant [an] authorised person if the FCA considers that it is desirable to do so in order to advance one or more of its operational objectives.

(2)     The PRA may vary an approval under section 59 for the performance of a designated senior management function in relation to the carrying on of a regulated activity by a relevant [an] authorised person

64 . . .
65 . . .

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