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Section 55I(2)

FSMA 2000

On the application of a PRA-authorised person with a Part 4A permission, the PRA may, after consulting the FCA, cancel the permission , but the PRA may not under this subsection cancel a permission where the only regulated activity to which the permission relates is the regulated activity in article 63S of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (administering a benchmark).

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