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Schedule 10, Part 2, paragraph 3(2)

FSMA 2023

After subsection (7C) insert— If— the FCA must consult the appropriate regulator. the FCA proposes to vary or revoke a prohibition order which makes provision in relation to a recognised body, and the FCA is not the appropriate regulator in relation to recognised bodies of that type, If the PRA proposes to vary or revoke a prohibition order which makes provision in relation to a recognised body, the PRA must consult the appropriate regulator in relation to recognised bodies of that type.

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