(1) The Financial Policy Committee may give a direction to the FCA or the PRA ("the regulator") requiring the regulator to exercise its functions so as to ensure the implementation, by or in relation to a specified class of regulated persons, of a macro-prudential measure described in the direction.
(2) "Regulated person" means -
(i) an authorised person within the meaning of FSMA 2000, or
(ii) a recognised investment exchange within the meaning of that Act,
(iii) [deleted]
(i) a PRA-authorised person within the meaning of that Act, or
(ii) a financial holding company or mixed financial holding company that is approved under section 192R of that Act or designated under section 192T(2)(c) of that Act.
(3) "Macro-prudential measure" is to be read in accordance with section 9L.
(4) The direction may relate to all regulated persons or to regulated persons of a specified description, but may not relate to a specified regulated person
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