Section 316(1A)

A direction under subsection (1)— may be given by the FCA only if it considers that giving the direction is necessary or expedient for the purpose of advancing one or more of its operational objectives, and may be given by the PRA only if it considers that giving the direction is necessary or expedient for the purpose of advancing its general objective or (if section 2C applies) the insurance objective.

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