# Financial Services and Markets Act 2000, Paragraph 49

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

(1) A UK regulator may exercise the powers under this paragraph in relation to a Gibraltar-based person only where one of the own-initiative conditions is satisfied (see paragraph 28).
(2) The FCA may—
(a) impose a requirement on a Gibraltar-based person with a Schedule 2A permission,
(b) vary a requirement imposed by the FCA under this Part of this Schedule, or
(c) cancel such a requirement.
(3) The PRA may—
(a) impose a requirement on a Gibraltar-based person with a Schedule 2A permission where the person is a PRA-authorised person,
(b) vary a requirement imposed by the PRA under this Part of this Schedule, or
(c) cancel such a requirement.

---
Source: https://www.legislation.gov.uk/ukpga/2000/8/schedule/2A/paragraph/49 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/schedule-2A/paragraph-49
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.