[F1201Effect of certain requirements on other personsU.K.
This section has no associated Explanatory Notes
If either regulator, in exercising its power of intervention, imposes on an incoming firm a requirement of the kind mentioned in subsection (4) of section 55P, the requirement has the same effect in relation to the firm as it would have in relation to an authorised person if it had been imposed on the authorised person by the regulator acting under section 55L or 55M.]
Textual Amendments
F1S. 201 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. 42 (with Sch. 20); S.I. 2013/423, arts. 2, 3, Sch.