Section 313BD(5)

The FCA must give the issuer a warning notice if— in the case of a requirement imposed on an institution, the FCA proposes not to revoke the requirement, or in the case of a requirement imposed on a class, the FCA proposes not to revoke the requirement or to revoke it in relation to— the class apart from one or more specified members of it, or one or more specified members of the class only.

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