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Financial Services and Markets Act 2000

Financial Services and Markets Act 2000 Sch 2A para 73

Sch 2A para 73

(1) The FCA must consult the PRA before— (a) rejecting a notification under paragraph 19 in a case in which the person with responsibility for managing an aspect of the Gibraltar-based person's affairs is prohibited by an order under section 56 from performing a function in relation to an activity carried on by a PRA-authorised person, or (b) rejecting a notification under paragraph 20 in a case in which a relevant access right that was lost related to a PRA-regulated activity. (2) The FCA must consult the PRA before doing any of the following in a case in which the Gibraltar-based person is a PRA-authorised person or a member of a group that includes a PRA-authorised person— (a) rejecting a notification under paragraph 26(5); (b) varying a Schedule 2A permission under paragraph 27; (c) rejecting a notification under paragraph 36(4); (d) cancelling a Schedule 2A permission under paragraph 37(1); (e) imposing a requirement under paragraph 41(3); (f) rejecting a notification under paragraph 48(4); (g) imposing, varying or cancelling a requirement under paragraph 49(2).

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