SCHEDULES
F1SCHEDULE 2AGibraltar-based persons carrying on activities in the UK
PART 12Consultation etc by UK regulators
FCA's duties to obtain consent from the PRA
74
(1)
The FCA must obtain the PRA's consent before exercising its power under paragraph 27 in relation to a PRA-authorised person so as to—
(a)
add an activity to those to which the person's Schedule 2A permission relates, or
(b)
widen the description of an activity to which the person's Schedule 2A permission relates.
(2)
Sub-paragraph (1) does not apply in relation to the regulated activity specified in article 63S of the Financial Services and Markets 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) (administering a benchmark).
(3)
Consent given by the PRA for the purposes of this paragraph may be conditional on the way in which the FCA exercises its power.