Section 142Q

Where a notice under section 142M or a warning notice or decision notice under section 142N relates to a requirement to be imposed in pursuance of a direction to be given as a result of section 142L(2)(c) or (3)(c), the appropriate regulator must— consult the other regulator before giving the notice, and give a copy of the notice to the other regulator. The appropriate regulator must consult the other regulator before varying under section 142P a direction given as a result of section 142L(2)(c) or (3)(c). Directions given by the FCA as a result of section 142L(3)(c) are subject to any directions given to the FCA under section 3I.

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