Part XII Control Over Authorised Persons
F1Assessment procedure
F2187CVariation etc of conditions
(1)
Where the PRA has imposed conditions required by a direction given by the FCA under section 187A(3)—
(a)
the FCA may direct the PRA to exercise its power under section 187(4) to vary or cancel any of those conditions;
(b)
the PRA must consult the FCA before it exercises that power in relation to those conditions otherwise than in accordance with a direction under paragraph (a).
(2)
Where the FCA has imposed conditions required by a direction given by the PRA under section 187B(3)—
(a)
the PRA may direct the FCA to exercise its power under section 187(4) to vary or cancel any of those conditions;
(b)
the FCA must consult the PRA before it exercises that power in relation to those conditions otherwise than in accordance with a direction under paragraph (a).