(1) A relevant regulator may make such rules imposing duties on critical third parties in connection with the provision of services to authorised persons, relevant service providers and FMI entities as appear to the regulator to be necessary or expedient for the purpose of advancing any of its objectives.
(2) The reference in subsection (1) to a relevant regulator's objectives is a reference to -
(a) where the regulator is the FCA, one or more of its operational objectives;
(b) where the regulator is the PRA, one or more of its objectives;
(c) where the regulator is the Bank, the Bank's Financial Stability Objective.
(3) In the application of Part 9A to rules made by the FCA or the PRA under this section, the following provisions apply with the modifications specified in this subsection -
(a) section 137T (general supplementary powers) applies as if -
(i) the reference in paragraph (a) to "authorised persons, activity or investment" were a reference to "critical third parties or servic
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