Section 55Y(3)
FSMA 2000
Financial Services and Markets Act 2000 · United Kingdom
A variation of a permission, or the imposition or variation of a requirement, may be expressed to take effect immediately (or on a specified date) only if the regulator concerned, having regard to the ground on which it is exercising its own-initiative variation power or own-initiative requirement power, reasonably considers that it is necessary for the variation, or the imposition or variation of the requirement, to take effect immediately (or on that date).
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Source: legislation.gov.uk · retrieved 2026-09-04