Prior notice


10. The PRA will give a person notice in writing if it proposes to impose a information requirement unless the PRA is satisfied that information or documents are required without delay. The notice will include the reasons why the PRA proposes to impose the information requirement and the period in which the person may make representations to the PRA in respect of the proposal.


The PRA may give a notice to a service provider, or to a person who is connected with a service provider, only if the PRA considers that the service or the way in which it is provided or any failure to provide the service, poses, or would be likely to pose, a serious threat to the stability of the UK financial system.


Information or documents required under notice must be provided or produced before the end of such reasonable period and at such place as specified by the PRA.