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Paragraph 77 F1

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The PRA must obtain the FCA's consent before exercising its power under paragraph 27 so as to—

(a)

add an activity to those to which a Schedule 2A permission relates, or

(b)

widen the description of an activity to which a Schedule 2A permission relates.

(2)

Consent given by the FCA for the purposes of this paragraph may be conditional on the way in which the PRA exercises its power.

Annotations

Textual amendments

F1

Sch. 2A inserted (1.9.2023 for specified purposes) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 6 (as amended (1.1.2024) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 (S.I. 2023/1424), reg. 1(2), Sch. para. 100(3)(b)); S.I. 2023/934, reg. 2(a)