# Financial Services and Markets Act 2000, Section 187C: Variation etc of conditions


(1) Where the PRA has imposed conditions required by a direction given by the FCA under section 187A(3)—
(a) the FCA may direct the PRA to exercise its power under section 187(4) to vary or cancel any of those conditions;
(b) the PRA must consult the FCA before it exercises that power in relation to those conditions otherwise than in accordance with a direction under paragraph (a).
(2) Where the FCA has imposed conditions required by a direction given by the PRA under section 187B(3)—
(a) the PRA may direct the FCA to exercise its power under section 187(4) to vary or cancel any of those conditions;
(b) the FCA must consult the PRA before it exercises that power in relation to those conditions otherwise than in accordance with a direction under paragraph (a).

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Source: https://www.legislation.gov.uk/ukpga/2000/8/section/187C (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-187C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.