Section 47(5)

In this section— “statutory panels of the regulator” means— in relation to the FCA, the panels mentioned in section 1RA(8) of FSMA 2000, in relation to the PRA, the panels mentioned in section 2NA(8) of FSMA 2000, and in relation to the Payment Systems Regulator, a panel established under section 103(3) of the Financial Services (Banking Reform) Act 2013; “specified” means specified in regulations under this section.

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