191.—(1) The Building Society Insolvency (England and Wales) Rules 2010(1) are amended as follows.
(2) In rule 3 (application, construction and interpretation)—
(a)in paragraph (2)—
(i)after the definition of “the 2010 Rules”, insert—
““the appropriate regulator”, in relation to a building society, means—
if the building society is a PRA-authorised person (within the meaning of the Financial Services and Markets Act 2000), the Prudential Regulation Authority and the Financial Conduct Authority (except in rules 20, 74, 95(2) and 180 when it means the Prudential Regulation Authority or the Financial Conduct Authority);
in any other case, the Financial Conduct Authority;”;
(ii)omit the definition of “the FSA”;
(iii)in the definition of “principal office”, for “FSA”, in each place, substitute “Financial Conduct Authority”;
(iv)in the definition of “registered name”, for “FSA” substitute “Financial Conduct Authority”;
(b)in paragraph (6)(u), for “FSA” substitute “Financial Conduct Authority”.
(3) In rule 74 (disapplication of set-off for eligible depositors)—
(a)in paragraph (1), for “FSA Rules” substitute “the appropriate regulator’s rules”;
(b)in paragraph (6)—
(i)for the definition of “FSA Rules” substitute—
““appropriate regulator’s rules” means the rules, as amended from time to time, made under section 213 of the Financial Services and Markets Act 2000 by—
if the building society is a PRA-authorised person (within the meaning of that Act), the Prudential Regulation Authority or the Financial Conduct Authority; or
in any other case, the Financial Conduct Authority;”;
(ii)in the definition of “protected deposit”, for “FSA Rules” substitute “the appropriate regulator’s rules”.
(4) In rule 181 (procedure following appeal under section 116 of the Banking Act)—
(a)for “the FSA” in the first place those words appear substitute “the Financial Conduct Authority or the Prudential Regulation Authority”;
(b)for “the FSA” in the second place it appears substitute “the regulator in question”.
(5) For “FSA”, in every other place it appears, substitute “appropriate regulator”.