[3I Power of PRA to require FCA to refrain from specified action]

Section [3I Power of PRA to require FCA to refrain from specified action]

Financial Services and Markets Act 2000 (2000 c 8) | Legislation
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[Power of PRA to restrain proposed action by FCA]

[3I  Power of PRA to require FCA to refrain from specified action]

[(1)     Where the first, second and third conditions are met, the PRA may give a direction under this section to the FCA.

(2)     The first condition is that the FCA is proposing—

(a)     to exercise any of its regulatory powers in relation to PRA-authorised persons generally, a class of PRA-authorised persons or a particular PRA-authorised person, or

(b)     to exercise any of its insolvency powers in relation to—

(i)     a PRA-authorised person,

(ii)

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