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

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

(a)     the UK authorised person to which the section 178 notice relates has as a member of its immediate group a PRA-authorised person, or

(b)     the section 178 notice-giver is a PRA-authorised person.

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

(3)     If the PRA considers that on the basis of relevant matters there are reasonable grounds to object to the acquisition, the PRA may direct the FCA not to approve the acquisition

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