[192U Directions: procedure]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[192U  Directions: procedure]

[(1)     If the PRA proposes to give a direction under section 192T, or gives such a direction with immediate effect, it must give written notice to—

(a)     the financial holding company or mixed financial holding company to which the direction is given (or to be given); and

(b)     any authorised person or recognised investment exchange who will, in the opinion of the PRA, be significantly affected by the direction.

(2)     In the following provisions of this section “notified person” means a person to whom notice under subsection (1) is given.

(3)     A direction under section 192T takes effect—

(a)     immediately, if the notice

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