Section 404F(7)

If the FCA varies a permission or authorisation of a person so as to impose requirements on the person to establish and operate a scheme which corresponds to, or is similar to, a consumer redress scheme, the provision that may be included in the permission or authorisation as varied includes— provision imposing requirements on the person corresponding to those that could be included in rules made under section 404; and provision corresponding to section 404B.

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