Paragraph 2 I1

After section 55J insert—

“Variation or cancellation on initiative of FCA: additional power

55JA

(1)

Schedule 6A confers an additional power on the FCA to vary or cancel an FCA-authorised person's Part 4A permission.

(2)

In this section and that Schedule “FCA-authorised person” means an authorised person who is not a PRA-authorised person.”