Section 46(1)

A supervisory authority must effectively monitor the relevant persons for which it is the supervisory authority (“its own sector”) and take necessary measures for the purpose of — securing compliance by such persons with the requirements of these Regulations; and securing that any application for which the supervisory authority grants approval under regulation 26 meets the requirements of regulation 26(7), whether or not the person making the application, or being approved, is a relevant person.

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