Section 142M(2)

The preliminary notice must— state that it is a preliminary notice, state that the regulator proposes to exercise the group restructuring powers, state the action which the regulator proposes to take in the exercise of those powers, be in writing, and give reasons for the proposed action (which must include the regulator's reasons for being satisfied as to the matters mentioned in section 142K(1)).

← 1 · All articles · 3 →

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