[3J Power of PRA in relation to with-profits policies]

[3J  Power of PRA in relation to with-profits policies]

[(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 to exercise any of its regulatory powers in relation to with-profits insurers, a class of with-profits insurers or a particular with-profits insurer.

(3)     In subsection (2) “regulatory powers”, in relation to the FCA, means its

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