Section 143L: Applications under section 143K

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Part 9C: Prudential regulation of FCA investment firms

An application under section 143K(1) for the imposition or variation of a requirement must contain a statement of the desired requirement or variation.

An application under section 143K(1)—

must be made in such manner as the FCA may direct, and
must contain, or be accompanied by, such other information as the FCA may reasonably require.

At any time after the application is received and before it is determined, the FCA may require the applicant to provide it with such further information as the FCA reasonably considers necessary to enable it to determine the application.

The FCA may require an applicant to provide information which the applicant is required to provide the FCA under this section in such form, or to verify it in such a way, as the FCA may direct.

Different directions may be given, and different requirements imposed, in relation to different applications or categories of application.

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