PART 9C

Prudential regulation of FCA investment firms

Control of managers etc of non-authorised parent undertakings

Varying and withdrawing a Part 9C prohibition order
143U
1
The FCA may vary or revoke a Part 9C prohibition order on the application of the individual named in the order.
2
On an application for the variation or revocation of a Part 9C prohibition order—
a
if the FCA decides to grant the application, it must give the applicant written notice of its decision,
b
if the FCA proposes to refuse the application, it must give the applicant a warning notice, and
c
if the FCA decides to refuse the application, it must give the applicant a decision notice.
3
If the FCA gives the applicant a decision notice under subsection (2)(c), the applicant may refer the matter to the Tribunal.
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)