F1PART 12APowers exercisable in relation to parent undertakings

Annotations:
Amendments (Textual)
F1

Pt. 12A inserted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 27, 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c), Sch. Pts. 2, 3; S.I. 2013/423, art. 3, Sch.

Power of direction

192FConsultation between regulators

1

Before the PRA gives a notice under section 192E(1) or (8)(b), it must consult the FCA.

2

Before the FCA gives a notice under section 192E(1) or (8)(b) in relation to the parent undertaking of a PRA-authorised person, the FCA must consult the PRA.

3

Before F2the FCA gives a notice under section 192E(1) or (8)(b) in relation to the parent undertaking of a recognised clearing house F4or a recognised CSD, F3it must consult the Bank of England.