# The Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013, Article 6: Dealing in investments as principal: withdrawal of designation


(1) The PRA may withdraw a designation under article 3 in relation to a person (“P”) if the PRA considers it appropriate to do so.
(2) If the PRA proposes to withdraw a designation in relation to P, the PRA must give P a warning notice.
(3) If the PRA decides to withdraw a designation in relation to P, the PRA must give P a decision notice.
(4) If the PRA decides to withdraw a designation in relation to P, P may refer the matter to the Tribunal.
(5) Before withdrawing a designation under paragraph (1), the PRA must consult the FCA.

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Source: https://www.legislation.gov.uk/ukdsi/2013/9780111533642/article/6 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-pra-regulated-activities-order-2013/article-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.