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Section 374(7)

FSMA 2000

“The appropriate regulator” means— where the individual or entity is a PRA-regulated person, each of the FCA and the PRA, except that the references in subsections (4) and (4A) to a person appointed by the appropriate regulator are to be read as references to a person appointed by either the FCA or the PRA; in any other case, the FCA.

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