Schedule 2, paragraph 41(5)

The FCA must— inform ESMA and the competent authorities of every other EEA State of any decision to impose, not to impose, or to revoke a requirement under subsection (2), provide ESMA and those competent authorities with an explanation if the decision is not to impose a requirement under subsection (2) because subsection (3) applies, and publish any decision mentioned in paragraph (a) in such a manner as it considers appropriate.

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