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Paragraph 78 F1

United Kingdom

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

(1)

When the PRA receives a notification for the purposes of a provision listed in the first column of the following table, it must give a copy to the FCA without delay, except where it rejects the notification under the provision listed in the second column (notification incomplete)—

Notification for the purposes ofRejection under
paragraph 12paragraph 18(1)
paragraph 22paragraph 26(3)
paragraph 32paragraph 36(3)
paragraph 44paragraph 48(3).
(2)

The PRA must inform the FCA in writing without delay after rejecting a notification under—

(a)

paragraph 18(2) or (3), 19 or 20;

(b)

paragraph 26(4) or (5);

(c)

paragraph 36(5);

(d)

paragraph 48(5).

(3)

The PRA must inform the FCA in writing without delay after imposing, varying or cancelling a requirement under paragraph 41(4) or 49(3).

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)