(1) Before exercising a power listed in subsection (3), the FCA must consider whether it would be more appropriate to proceed under the Competition Act 1998.
(2) The FCA must not exercise such a power if it considers that it would be more appropriate to proceed under the Competition Act 1998.
(3) Those powers are -
(a) the power under section 55J(2) to vary or cancel a Part 4A permission;
(b) the power under section 55L to impose a requirement on an authorised person with a Part 4A permission, or to vary a requirement imposed under that section;
(c) the power to take action under section 88E;
(d) the power to take action under section 89U;
(e) the power to give a direction under section 192C;
(f) [deleted]