Section 23(2)

... the appropriate regulator must, in exercise of its powers under FSMA— direct the UK parent undertaking to propose business changes; and if the UK parent undertaking fails to propose business changes within the time allowed by the appropriate regulator or the appropriate regulator considers that any business changes proposed by the UK parent undertaking would not adequately address the impediment, determine whether to direct the UK parent undertaking to take relevant measures.

← 1 · All articles · 24 →

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