Where a notice under section 142M or a warning notice or decision notice under section 142N relates to a requirement to be imposed in pursuance of a direction to be given as a result of section 142L(2)(c) or (3)(c), the appropriate regulator must—
consult the other regulator before giving the notice, and
give a copy of the notice to the other regulator.
The appropriate regulator must consult the other regulator before varying under section 142P a direction given as a result of section 142L(2)(c) or (3)(c).
Directions given by the FCA as a result of section 142L(3)(c) are subject to any directions given to the FCA under section 3I.