Section 59(4)
FSMA 2000
Financial Services and Markets Act 2000 · United Kingdom
“The appropriate regulator”— in relation to a controlled function which is of a description specified in rules made by the FCA, means the FCA, and in relation to a controlled function which is of a description specified in rules made by the PRA, means the PRA with the consent of the FCA.
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Source: legislation.gov.uk · retrieved 2026-09-04