Schedule 2, Part 1, paragraph 1(2)

The imposition or variation of the requirement may be expressed to take effect immediately, or on a specified date, only if the FCA reasonably considers that it is necessary for it to take effect immediately or on that date, having regard to the ground on which it is exercising its power under section 143K(2).

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