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Section 187C: Variation etc of conditions

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

Part XII: Control Over Authorised Persons

Where the PRA has imposed conditions required by a direction given by the FCA under section 187A(3)—

the FCA may direct the PRA to exercise its power under section 187(4) to vary or cancel any of those conditions;
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).

Where the FCA has imposed conditions required by a direction given by the PRA under section 187B(3)—

the PRA may direct the FCA to exercise its power under section 187(4) to vary or cancel any of those conditions;
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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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.