[F1157ABanks not regulated by PRAU.K.
This section has no associated Explanatory Notes
(1)In the application of this Part to an FCA-regulated bank the modifications specified in the Table apply.
(2)In this section “FCA-regulated bank” means a bank which does not carry on any activity which is a PRA-regulated activity for the purposes of the Financial Services and Markets Act 2000.
TABLE OF MODIFICATIONS
Provision | Modification |
---|---|
Section 147 | The bank administrator must send the statement to the FCA (and need not send a copy of it to the PRA). |
Section 153 | Ignore the reference to the PRA in subsection (3). |
Section 157 | Ignore the reference to the PRA in subsection (1).] |
Textual Amendments
F1S. 157A inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 50 (with Sch. 20); S.I. 2013/423, art. 3, Sch.