# Financial Services Act 2012, Paragraph 10


(1) Paragraph 19 (establishment) is amended as follows.
(2) For “Authority”, in each place, substitute “ appropriate UK regulator ”.
(3) After sub-paragraph (7B) insert—
“(7C) Where the PRA is the appropriate UK regulator, it must consult the FCA before deciding whether to give a consent notice, except where sub-paragraph (7A) applies.
(7D) Where the FCA is the appropriate UK regulator, it must consult the PRA before deciding whether to give a consent notice in relation to a UK firm whose immediate group includes a PRA-authorised person.”

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Source: https://www.legislation.gov.uk/ukpga/2012/21/schedule/4/paragraph/10 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012/schedule-4/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.