Section 192K(1)

This section applies if a regulator is satisfied that a person who is or has been a qualifying parent undertaking (“P”) has contravened— a requirement of a direction given to P by that regulator under section 192C, ... a provision of rules made by that regulator under section 192J or 192JB, or a requirement imposed by a qualifying provision specified, or of a description specified, for the purposes of this subsection by the Treasury by order.

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