Section 20(1A)

If a PRA-authorised person carries on a regulated activity in the United Kingdom, or purports to do so, otherwise than in accordance with permission given to the person under Part 4A or resulting from any other provision of this Act, the person is to be taken to have contravened— a requirement imposed by the FCA, and a requirement imposed by the PRA.

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