CHAPTER VPOWERS OF INTERVENTION OF COMPETENT AUTHORITIES ...

SECTION 1 Powers of competent authorities

Article 19Notification by lenders in exceptional circumstances

1.

F1... F2The FCA may take the measure referred to in paragraph 2 of this Article where:

(a)

there are adverse events or developments which constitute a serious threat to financial stability or to market confidence in the F3United Kingdom F4...; and

(b)

the measure is necessary to address the threat and will not have a detrimental effect on the efficiency of financial markets which is disproportionate to its benefits.

2.

F5The FCA may require natural or legal persons engaged in the lending of a specific financial instrument or class of financial instruments to notify any significant change in the fees requested for such lending.