[F1PART 8U.K.UK regulators' directions about information
Textual Amendments
F1Sch. 2A inserted (1.9.2023 for specified purposes) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 6; S.I. 2023/934, reg. 2(a)
Directions about information to be included in notificationsU.K.
57(1)A UK regulator may direct that a notification for the purposes of paragraph 12, 22, 32 or 44 in relation to which it is the appropriate UK regulator must include information specified in the direction.U.K.
(2)In a direction, a UK regulator may only specify information which it reasonably considers necessary to enable it to discharge functions conferred on it by or under this Act in relation to persons with a Schedule 2A permission.
(3)A UK regulator that gives a direction under this paragraph may, by a further direction, vary or revoke the direction.
(4)A direction under this paragraph—
(a)may make different provision for different purposes, but
(b)may not make provision in relation to a specific person.
(5)The FCA must consult the Treasury before giving a direction under this paragraph.
(6)The PRA must consult the Treasury and the FCA before giving a direction under this paragraph.
(7)After giving a direction under this paragraph, a UK regulator must—
(a)publish the direction in the way appearing to the UK regulator to be best calculated to bring it to the attention of persons likely to be affected by it, and
(b)give a copy of the direction to the Treasury and the other UK regulator without delay.]