Part 6: Miscellaneous Amendments to FSMA 2000 Section 61: Control over authorised persons
This section inserts an additional scenario where the regulators can impose conditions on a new controller into section 187(2) of Part 12 of FSMA 2000. This additional scenario is where it is desirable to do so in order to advance that regulator’s objectives, subject to the obligation to disregard the economic needs of the market.