[Part 12 Consultation etc by UK Regulators]

[Part 12 Consultation etc by UK Regulators]

[FCA's duties to consult the PRA

73

(1)     The FCA must consult the PRA before—

(a)     rejecting a notification under paragraph 19 in a case in which the person with responsibility for managing an aspect of the Gibraltar-based person's affairs is prohibited by an order under section 56 from performing a function in relation to an activity carried on by a PRA-authorised person, or

(b)     rejecting a notification under paragraph 20 in a case in which a relevant access right that was lost related to a PRA-regulated activity.

(2)     The FCA must consult the PRA before doing any of the following in a case in which the Gibraltar-based person is a PRA-authorised person or a member of a group that includes a PRA-authorised person—

(a)     rejecting a notification under paragraph 26(5);

(b)     varying a Schedule 2A permission under paragraph 27;

(c)     rejecting a notification under paragraph 36(4);

(d)     cancelling a Schedule 2A permission under paragraph 37(1);

(e)     imposing a requirement under paragraph 41(3);

(f)     rejecting a notification under paragraph 48(4);

(g)     imposing, varying or cancelling a requirement under paragraph 49(2).

FCA's duties to obtain consent from the PRA

74

(1)     The FCA must obtain the PRA's consent before exercising its power under paragraph 27 in relation to a PRA-authorised person so as to—

(a)    

Popular documents