[192R Grant of approval]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[192R  Grant of approval]

[(1)     When the PRA receives an application from a company under section 192Q, it must decide whether—

(a)     to approve the company,

(b)     to confirm that the company qualifies for an exemption under section 192P(2) and (3), or

(c)     to take one or more of the measures in section 192T.

(2)     The PRA may only approve the company under this section where conditions A, B and C are satisfied.

(3)     Condition A is that the internal arrangements and distribution of tasks within the group of which the company is part are—

(a)     adequate for the purpose of complying

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