Schedule 2A, Part 4, paragraph 28(3)

Condition B is that the UK regulator in question considers that— it is desirable to exercise the power in order to advance one or more of its objectives, and a delay in exercising the power would be materially detrimental to— the interests of consumers (as defined in section 1G), or the soundness, stability and resilience of the UK financial system or a part of that system.

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Source: legislation.gov.uk · retrieved 2026-09-04