Schedule 2, Part 1, Part 9C, paragraph 143K(2)

The FCA may exercise its power under subsection (3) in relation to a non-authorised parent undertaking of an FCA investment firm if it appears to the FCA that— it is necessary or expedient to do so in order to manage risks specified in or under section 143D(2), and it is desirable to do so in order to advance one or more of its operational objectives.

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