[187C Variation etc of conditions]
[187C Variation etc of conditions]

[(1)     Where the PRA has imposed conditions required by a direction given by the FCA under section 187A(3)—

(a)     the FCA may direct the PRA to exercise its power under section 187(4) to vary or cancel any of those conditions;

(b)     the PRA must consult the FCA before it exercises that power in relation to those conditions otherwise than in accordance with a direction under paragraph (a).

(2)     Where the FCA has imposed conditions required by a direction given by the PRA under section 187B(3)—

(a)     the PRA may direct the FCA to exercise its power under section 187(4) to vary or cancel any of those conditions;