{
  "url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-45",
  "json_url": "https://openlegislation.uk/securitisation-regulations-2024/regulation-45.json",
  "legislation": "uksi/2024/102",
  "legislation_title": "The Securitisation Regulations 2024",
  "legislation_url": "https://openlegislation.uk/securitisation-regulations-2024",
  "path": "regulation/45",
  "kind": "regulation",
  "number": "45",
  "heading": "Consultation in relation to certain enforcement action",
  "text": "(1) The FCA must consult the PRA before giving a warning notice under regulation 43(1)(a), (b), (c), (e) or (f) or a decision notice under regulation 44(1)(a) (b), (c), (e) or (f) in relation to a person who—\n(a) is a PRA-authorised person, or\n(b) has a qualifying relationship with a PRA-authorised person.\n(2) The FCA must consult the PRA before giving a warning notice under regulation 43(1)(d) or a decision notice under regulation 44(1)(d) if as a result of the prohibition in question an individual would be prohibited from performing a management function in relation to a PRA-authorised person.\n(3) The PRA must consult the FCA before giving a warning notice under regulation 43(2).\n(4) A person has a qualifying relationship with a PRA-authorised person for the purposes of this regulation if the person is a member of the PRA-authorised person’s immediate group.\n(5) In this regulation “immediate group” has the meaning given in section 421ZA of FSMA 2000.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 45 in force at 30.1.2024 for specified purposes and 1.11.2024 (the main commencement day) in so far as not already in force, see reg. 2(1)(e)(2)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 421ZA was inserted by section 48(2) of the Financial Services Act 2012."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2024/102/regulation/45",
    "retrieved_at": "2026-10-28T21:35:26.902265+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}