[71C Temporary manager]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[71C  Temporary manager]

[(1)     If the appropriate regulator is satisfied—

(a)     in the case of a relevant firm, that the conditions in section 71D(1), (2) and (4) are met in relation to that firm, or

(b)     in the case of a parent undertaking which is not a relevant firm, that the conditions in section 71D(1) and (4) are met in relation to that parent undertaking,

the appropriate regulator may appoint a person to act (or one or more persons to act jointly) as a temporary manager of that firm or that parent undertaking.

(2)     Where the appropriate regulator makes an appointment

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