PART
12B

Approval of certain holding companies

Approval

Regulator’s duty to monitor
192S
1
The PRA must monitor whether—
a
a company approved under section 192R continues to satisfy the conditions in section 192R(3) to (6); and
b
a company which it has confirmed is exempt from the requirement for approval under section 192P continues to satisfy the conditions for exemption set out in section 192P(2) and (3).
2
A company which is subject to the requirement for approval under section 192P(1), or exempt from that requirement under section 192P(2), must give the PRA notice in writing of—
a
any change in the structural organisation of the group; and
b
any other information required by rules made under section 192J.
Pt. 12B inserted (28.12.2020 for specified purposes, 29.12.2020 in so far as not already in force) by The Financial Holding Companies (Approval etc.) and Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1406), regs. 1(3)(a)(b), 2(7) (with reg. 5)
S. 192P cross-heading inserted (9.6.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 3 para. 5 (with Sch. 3 Pt. 4); S.I. 2021/671, reg. 2(d)