Section 189(1ZB)

Where the appropriate regulator is the PRA and— the PRA must act under this Part in a timely manner, and shorten the assessment period so far as reasonably practicable. the section 178 notice relates to an acquisition or increase of control over a qualifying credit institution, investment firm or banking group company, and the qualifying credit institution, investment firm or banking group company is one in relation to which the Bank of England is exercising its functions under sections 6A to 6C of the Banking Act 2009 or the special resolution regime under Part 1 of that Act,

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