Schedule 6, Part 4, paragraph 27

A UK regulator may exercise a power under this paragraph in relation to a Gibraltar-based person with a Schedule 2A permission where one of the own-initiative conditions is satisfied (see paragraph 28). The FCA may vary a Schedule 2A permission. The PRA may vary a PRA-authorised person's Schedule 2A permission. In the case of a person who is not a PRA-authorised person, the PRA may vary the person's Schedule 2A permission by adding an approved activity that is a PRA-regulated activity to those to which the permission relates. Where it adds an approved activity under sub-paragraph (4), the PRA may vary the person's Schedule 2A permission in any of the other ways described in paragraph 21(2).

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