[187A Assessment: consultation by PRA with FCA]
[187A Assessment: consultation by PRA with FCA]

[(1)     The PRA must consult the FCA before acting under section 185.

(2)     The FCA may make representations to the PRA in relation to any of the matters set out in sections 185(2) and 186.

(3)     If the FCA considers that on the basis of the matters set out in section 186(f) there are reasonable grounds to object to the acquisition, the FCA may—

(a)     direct the PRA to object to the acquisition, or

(b)     direct the PRA not to approve the acquisition unless it does so subject to conditions specified in the direction (with or without other conditions).

(4)     Before giving

Popular documents