Related provisions for SUP 6.2.10A
1 - 6 of 6 items.
5In the case of a dual-regulatedPRA-authorised person, the FCA may exercise its own-initiative
variation power to add a new regulated
activity other than a PRA-regulated
activity to those activities already included in the firm'sPart
4A permission, or to widen the description of a regulated activity, only after consulting
with the PRA.
27The FCA's power to vary a Part 4A permission after it receives an application from a firm extends to including in the Part 4A permission as varied any provision that could be included as though a fresh permission was being given in response to an application under section 55A of the Act (Application for permission). Under section 55E of the Act (Giving permission: the FCA) the FCA may:(1) incorporate in the description of a regulated activity such limitations (for example, as
(1) Firms should be aware that the appropriate regulator may exercise its own-initiative variation power or, in respect of FCA-authorised persons, the FCA may exercise its additional own-initiative variation power, in each case26 to vary or cancel their Part 4A permission (see section 55J of the Act (Variation or cancellation on initiative of regulator) and Schedule 6A to the Act (Variation or cancellation of Part 4A permission on initiative of FCA: additional power)) if the firm
1This
manual (DEPP) is relevant to firms, approved
persons and other persons,
whether or not they are regulated by the FCA.5 It sets out:5(1) the FCA's5 decision-making procedure for giving statutory
notices. These are warning
notices, decision notices and supervisory notices (DEPP 1.2 to DEPP 5);5(1A) the FCA's decision-making
procedure in cases where the PRA is
required to seek the FCA's consent
before approving an application (a) for Part
4A permission; (b) for the variation