Section 312R(4)

A relevant regulator may only exercise the powers under subsection (2) if the regulator is satisfied that— it is appropriate in the circumstances to take action against the critical third party, the exercise of the power will not threaten the stability of, or confidence in, the UK financial system, and it is desirable to exercise the power in order to advance one or more of the regulator’s objectives.

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