PART 12A

Powers exercisable in relation to parent undertakings

Power of direction

Consultation between regulators
192F
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
the FCA
gives a notice under section 192E(1) or (8)(b) in relation to the parent undertaking of a recognised clearing house
or a recognised CSD
,
it
must consult the Bank of England.
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.
Word in s. 192F(3) substituted (1.3.2017) by Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 41(b) (with Sch. 3); S.I. 2017/43, reg. 2(g)
Words in s. 192F(3) substituted (1.3.2017) by Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 41(a) (with Sch. 3); S.I. 2017/43, reg. 2(g)
Words in s. 192F(3) inserted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), regs. 1, 2(7) (with regs. 7(4), 9(1))