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Financial Services and Markets Act 2000
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Changes over time for: Section 187C
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- 01/04/2013- Amendment
- 01/01/2016
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Financial Services and Markets Act 2000, Section 187C is up to date with all changes known to be in force on or before 15 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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[F1[F2187CVariation etc of conditionsU.K.
This section has no associated Explanatory Notes
(1)Where the PRA has imposed conditions required by a direction given by the FCA under section 187A(3)—
(a)the FCA may direct the PRA to exercise its power under section 187(4) to vary or cancel any of those conditions;
(b)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).
(2)Where the FCA has imposed conditions required by a direction given by the PRA under section 187B(3)—
(a)the PRA may direct the FCA to exercise its power under section 187(4) to vary or cancel any of those conditions;
(b)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).]]
Textual Amendments
F1Ss. 178-191G and cross-headings substituted (21.3.2009) for ss. 178-191 and cross-headings by The Financial Services and Markets Act 2000 (Controllers) Regulations 2009 (S.I. 2009/534), reg. 3, Sch. 1 (with reg. 8)
F2Ss. 187A-187C inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 26(6), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
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