PART 1

Ring-fencing

Ring-fencing

Amendment of PRA power of direction
3
In section 3I of FSMA 2000 (power of PRA to require FCA to refrain from specified action), in subsection (4)—
a
at the end of paragraph (a), omit “or”, and
b
at the end of paragraph (b), insert
, or
c
threaten the continuity of core services provided in the United Kingdom.
S. 3 in force at 1.1.2019 by S.I. 2018/1306, art. 2(c)