Financial Services (Banking Reform) Act 2013
2013 CHAPTER 33
Commentary
Part 1 – Ring-Fencing
Ring-fencing
Section 3: Amendment of PRA power of direction
25.Section 3 amends section 3I of FSMA so that the PRA may by direction require the FCA to refrain from specified action if in the opinion of the PRA that action may threaten the continuity of core services provided in the United Kingdom.
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