Moved by
Lord Sassoon
14: Clause 11, page 54, line 15, leave out “considers” and insert “appears to it”
15: Clause 11, page 58, line 5, at end insert—
“(5A) The FCA may refuse an application under subsection (5) if it appears to it that it is desirable to do so in order to advance any of its operational objectives.”
16: Clause 11, page 58, line 45, at end insert—
“(5A) The PRA may refuse an application under subsection (5) if it appears to it that it is desirable to do so in order to advance any of its objectives.”