[55E Giving permission: the FCA]
[55E Giving permission: the FCA]

[(1)     This section applies where the FCA is the appropriate regulator in relation to an application for permission under section 55A.

(2)     The FCA may give permission for the applicant to carry on the regulated activity or activities to which the application relates or such of them as may be specified in the permission.

(3)     If the applicant is a member of a group which includes a PRA-authorised person, the FCA must consult the PRA before determining the application.