Financial Services and Markets Act 2023

This section has no associated Explanatory Notes

5(1)Section 55O (imposition of requirements on acquisition of control) is amended as follows.

(2)In subsection (1)(b), after “power” insert “or (as the case may be) the power under section 55NA(5)(b)”.

(3)In subsection (2)(a) for “or 55M” substitute “, 55M or 55NA”.

(4)In subsection (3), after “PRA-authorised person” insert “and the case does not relate to a requirement that is imposed (or that could be imposed) under section 55NA”.