Section 55A(2)

“The appropriate regulator”, in relation to an application under this section, means (subject to subsection (2B))— the PRA, in a case where— the regulated activities to which the application relates consist of or include a PRA-regulated activity, or the applicant is a PRA-authorised person otherwise than by virtue of a Part 4A permission; the FCA, in any other case.

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