Section 409A(9)

The requirements imposed by subsection (2) do not apply to the extent that the regulator takes a relevant action— by the making of product intervention rules under section 137D if the condition in subsection (10) is met, by the making of rules under Part 9C (see instead section 143G(3)), by the making of rules under Part 9D (see instead section 144C(3)), by the making of rules under Part 12B (see instead section 192XB(2)), in order to comply with a direction given by the Financial Policy Committee of the Bank of England under section 9H of the Bank of England Act 1998 (directions required macro-prudential measures), or in order to act in accordance with a recommendation made by that Committee under section 9Q of that Act (recommendations about the exercise of functions).

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