Section 387(1A)

Where the PRA is the regulator concerned and the FCA proposes to refuse consent for the purposes of section 55F, 55I or 59 or to give conditional consent as mentioned in section 55F(5) , 55I(8) or 61(2D), the warning notice given by the PRA must— state that fact, and give the reasons for the FCA's proposal.

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