# Financial Services Act 2012, Paragraph 26


(1) Paragraph 5 (notice to Authority) is amended as follows.
(2) In sub-paragraph (2), for “the Authority” substitute “ the appropriate UK regulator ”.
(3) After sub-paragraph (2) insert—
“(2A) The appropriate UK regulator” means—
(a) where any of the activities to which the notice relates is a PRA-regulated activity, the PRA;
(b) in any other case, the FCA.
(2B) Where the PRA receives a notice under sub-paragraph (2), it must give a copy to the FCA without delay.
(2C) Where the FCA receives a notice under sub-paragraph (2) from—
(a) a PRA-authorised person, or
(b) a person whose immediate group includes a PRA-authorised person,
it must give a copy to the PRA without delay.”
(4) For sub-paragraph (4) substitute—
“(4) Subsections (1), (4) and (8) of section 55U apply to a notice under sub-paragraph (2) as they apply to an application for a Part 4A permission.”
(5) In the italic heading immediately before paragraph 5, for “Authority” substitute “ UK regulator ”.

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Source: https://www.legislation.gov.uk/ukpga/2012/21/schedule/4/paragraph/26 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012/schedule-4/paragraph-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.