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Financial Services and Markets Act 2000

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Changes over time for: Cross Heading: UK regulator's initiative: imposing, varying and cancelling requirements

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[F1UK regulator's initiative: imposing, varying and cancelling requirementsU.K.

49(1)A UK regulator may exercise the powers under this paragraph in relation to a Gibraltar-based person only where one of the own-initiative conditions is satisfied (see paragraph 28).U.K.

(2)The FCA may—

(a)impose a requirement on a Gibraltar-based person with a Schedule 2A permission,

(b)vary a requirement imposed by the FCA under this Part of this Schedule, or

(c)cancel such a requirement.

(3)The PRA may—

(a)impose a requirement on a Gibraltar-based person with a Schedule 2A permission where the person is a PRA-authorised person,

(b)vary a requirement imposed by the PRA under this Part of this Schedule, or

(c)cancel such a requirement.]

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