Regulation 15 Cancellation or variation of the exclusion under regulation 11
(1)
The FCA may determine that the exclusion in regulation 11—
(a)
does not apply to a particular activity carried on by a relevant incoming provider;
(b)
no longer applies to any of the activities carried on by a relevant incoming provider.
(2)
The FCA may only exercise the power in paragraph (1), if it considers that the exercise of the power is necessary—
(a)
for the prevention, detection, investigation or prosecution of a criminal offence;
(b)
for the protection of consumers;
(c)
in order for the FCA to advance its objectives under Part 1A of the 2000 Act.