Financial Services Act 2012 (c. 21)

SCHEDULES

SCHEDULE 6 U.K. Control of business transfers

2 U.K. Before section 104 insert—

“103A Meaning of “the appropriate regulator”

(1) In this Part “the appropriate regulator” means—

(a) in relation to a scheme in respect of which the authorised person concerned is a PRA-authorised person, the PRA;

(b) in any other case, the FCA.

(2) In this Part, “the authorised person concerned”—

(a) in the case of an insurance business transfer scheme, is to be read in accordance with section 105(2);

(b) in the case of a banking business transfer scheme, is to be read in accordance with section 106(2);

(c) in the case of a reclaim fund business transfer scheme, means the reclaim fund to whose business the scheme relates.”

Commencement Information

I1 Sch. 6 para. 2 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch.