# Financial Services and Markets Act 2000, Paragraph 27

Extent: E+W+S+N.I.

(1) A UK regulator may exercise a power under this paragraph in relation to a Gibraltar-based person with a Schedule 2A permission where one of the own-initiative conditions is satisfied (see paragraph 28).
(2) The FCA may vary a Schedule 2A permission.
(3) The PRA may vary a PRA-authorised person's Schedule 2A permission.
(4) In the case of a person who is not a PRA-authorised person, the PRA may vary the person's Schedule 2A permission by adding an approved activity that is a PRA-regulated activity to those to which the permission relates.
(5) Where it adds an approved activity under sub-paragraph (4), the PRA may vary the person's Schedule 2A permission in any of the other ways described in paragraph 21(2).

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Source: https://www.legislation.gov.uk/ukpga/2000/8/schedule/2A/paragraph/27 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/schedule-2A/paragraph-27
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.