Sch 2A para 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). (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.