[55I Variation by PRA at request of authorised person]
[55I Variation by PRA at request of authorised person]

[(1)     On the application of a PRA-authorised person with a Part 4A permission, the PRA may with the consent of the FCA vary the permission by—

(a)     adding a regulated activity to those to which the permission relates;

(b)     removing a regulated activity from those to which the permission relates;

(c)     varying the description of a regulated activity to which the permission relates,

[but the PRA may not under this subsection add, remove or vary the description of the regulated activity specified in article 63S of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (administering a benchmark)].