(1) The appropriate regulator may vary an approval under section 309G if it considers it desirable to do so in order to advance a relevant objective.
(2) For these purposes, "relevant objective" means -
(a) if the appropriate regulator is the FCA, any of its operational objectives;
(b) if the appropriate regulator is the Bank of England, the Financial Stability Objective.
(3) The appropriate regulator may vary the approval by doing the following -
(a) imposing a condition,
(b) varying a condition,
(c) removing a condition,
(d) where the approval has effect for an unlimited period, limiting the period of the approval, or
(e) where the approval has effect for a limited period, varying that period or removing the limit on the period.
(4) A variation under this section takes effect -
(a) immediately, if the notice given under subsection (5) states that to be the case,
(b) on a date specified in the notice, or
(c) if no date is specified in the notice, when the matter to which the notice re
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