Section 3A(4C)

The Bank of England must not exercise the power under subsection (4B)(b) in relation to the maturity profile of own funds instruments— in the case of a relevant person which is— without the consent of the PRA, or an institution authorised for the purpose of the Financial Services and Markets Act 2000 by the PRA, or a parent of such an institution or subsidiary of such an institution or such a parent for the purposes of paragraph (b) or (c) of subsection (1), in the case of a relevant person to which paragraph (a) does not apply, without the consent of the FCA.

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