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Section 187A(3)

FSMA 2000

If the FCA considers that on the basis of the matters set out in section 186(f) there are reasonable grounds to object to the acquisition, the FCA may— direct the PRA to object to the acquisition, or direct the PRA not to approve the acquisition unless it does so subject to conditions specified in the direction (with or without other conditions).

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