[142P Subsequent variation of requirement or direction]
[142P Subsequent variation of requirement or direction]

[(1)     A regulator may at any time with the consent of the person concerned vary—

(a)     a requirement imposed by it as a result of section 142L(2)(a) or (b) or (3)(a) or (b), or

(b)     a direction given by it as a result of section 142L(2)(c) or (d) or (3)(c) or (d).

(2)     The person concerned may at any time apply to the appropriate regulator for the variation of—

(a)     a requirement imposed by it as a result of section 142L(2)(a) or (b) or (3)(a) or (b), or

(b)     a direction given by it as a result of section 142L(2)(c) or (d) or (3)(c) or (d).