Section 63(1A)

The PRA may withdraw an approval under section 59 in relation to the performance by a person (“A”) of a function if— the PRA gave the approval, or the FCA gave the approval and the function is a relevant senior management function performed in relation to the carrying on by a PRA-authorised person of a regulated activity, and the PRA considers that A is not a fit and proper person to perform the function.

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