Textual Amendments
F1Words in Pt. 13 heading substituted (27.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 4 para. 30 (with Sch. 20); S.I. 2013/423, arts. 2, 3, Sch.
Modifications etc. (not altering text)
C1Pt. 13 modified (1.12.2001) by S.I. 2001/3592, arts. 1(2), 114(3)(a) (with art. 23(2))
Pt. 13 extended (1.12.2001) by S.I. 2001/2636, arts. 1(2)(b), 32; S.I. 2001/3538, art. 2(1)
Pt. 13 extended (5.10.2001 for specified purposes otherwise 1.12.2001) by S.I. 2001/3084, art. 2(7); S.I. 2001/3538, art. 2(1)
Pt 13 excluded (1.12.2001) by S.I. 2001/3592, art. 107(2) (with art. 23(2))
(1)[F2Either regulator] may rescind or vary a requirement imposed in exercise of its power of intervention on its own initiative or on the application of the person subject to the requirement.
(2)The power of [F3either regulator] on its own initiative to rescind a requirement is exercisable by written notice given by [F4the regulator] to the person concerned, which takes effect on the date specified in the notice.
(3)Section 197 applies to the exercise of the power of the [F5regulator] on its own initiative to vary a requirement as it applies to the imposition of a requirement.
(4)If the [F6regulator] proposes to refuse an application for the variation or rescission of a requirement, it must give the applicant a warning notice.
(5)If [F7either regulator] decides to refuse an application for the variation or rescission of a requirement—
(a)[F8the regulator] must give the applicant a decision notice; and
(b)that person may refer the matter to the Tribunal.
Textual Amendments
F2Words in s. 200(1) substituted (27.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 4 para. 41(2) (with Sch. 20); S.I. 2013/423, arts. 2, 3, Sch.
F3Words in s. 200(2) substituted (27.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 4 para. 41(3)(a) (with Sch. 20); S.I. 2013/423, arts. 2, 3, Sch.
F4Words in s. 200(2) substituted (27.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 4 para. 41(3)(b) (with Sch. 20); S.I. 2013/423, arts. 2, 3, Sch.
F5Word in s. 200(3) substituted (27.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 4 para. 41(4) (with Sch. 20); S.I. 2013/423, arts. 2, 3, Sch.
F6Word in s. 200(4) substituted (27.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 4 para. 41(4) (with Sch. 20); S.I. 2013/423, arts. 2, 3, Sch.
F7Words in s. 200(5) substituted (27.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 4 para. 41(5)(a) (with Sch. 20); S.I. 2013/423, arts. 2, 3, Sch.
F8Words in s. 200(5)(a) substituted (27.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 4 para. 41(5)(b) (with Sch. 20); S.I. 2013/423, arts. 2, 3, Sch.
Modifications etc. (not altering text)
C2S. 200 extended (1.12.2001) by S.I. 2001/3592, arts. 1(2), 4(2) (with art. 23(2))
C3S. 200(2)-(5) excluded (1.12.2001) by S.I. 2001/3592, arts. 1(2), 61(4), 110(5), 115(4) (with art. 23(2))
C4S. 200(5)(a) extended (1.12.2001) by S.I. 2001/3592, arts. 1(2), 7(3)(4) (with art. 23(2))