PART 1Ring-fencing

Ring-fencing

I13Amendment of PRA power of direction

In section 3I of FSMA 2000 (power of PRA to require FCA to refrain from specified action), in subsection (4)—

a

at the end of paragraph (a), omit “or”, and

b

at the end of paragraph (b), insert

, or

c

threaten the continuity of core services provided in the United Kingdom.