PART 9C

Prudential regulation of FCA investment firms

Imposition of requirements on non-authorised parent undertakings

Determination of applications under section 143K
143M
1
The FCA must determine an application under section 143K(1)—
a
if the application is complete, before the end of the period of six months beginning with the day on which the FCA received the application, or
b
if the application is incomplete, before the end of the period of 12 months beginning with the day on which the FCA received the application.
2
The applicant may withdraw the application, by giving the FCA a written notice, at any time before the FCA determines it.
3
If the FCA grants an application under section 143K(1), it must give the applicant a written notice.
4
The notice must state the date from which the requirement or variation has effect.
Pt. 9C inserted (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 2 para. 1; S.I. 2021/671, reg. 4(b)