15(1)Paragraph 23 (power to impose requirements) is amended as follows.
(2)For “the Authority”, in each place, substitute “the FCA”.
(3)In sub-paragraph (1)(a), for “Part IV permission” substitute “Part 4A permission”.
(4)In sub-paragraphs (2) and (2A), for “section 45” substitute “section 55L or 55M”.
(5)After sub-paragraph (2A) insert—
“(2B)This paragraph does not affect any duty of the FCA to consult the PRA before exercising its power under section 55L or 55M.”