53 Modification of provision made about regulatory conflict

53  Modification of provision made about regulatory conflict

(1)     An approved regulator (“the applicant regulator”) may make an application under this section if it considers that the regulatory arrangements of another approved regulator (“the conflicting regulator”) do not make appropriate provision to prevent a regulatory conflict with the applicant regulator.

(2)     An application under this section is an application made to the Board for the Board to exercise its powers under section 32 to direct the conflicting regulator—

(a)     to take steps to modify,

Powered by Lexis+®

Popular documents