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SCHEDULES

SCHEDULE 14Amendments of Part 24 of FSMA 2000: insolvency

10(1)Section 363 (powers to participate in proceedings: receivership) is amended as follows.

(2)In subsection (1)(a), after “authorised person” insert “or recognised investment exchange”.

(3)In subsections (2) to (5), for “Authority” substitute “appropriate regulator”.

(4)After subsection (5) insert—

(6)The appropriate regulator” means—

(a)for the purposes of subsections (2) to (4)—

(i)where the company is a PRA-regulated person, each of the FCA and the PRA, and

(ii)in any other case, the FCA;

(b)for the purposes of subsection (5)—

(i)where the company is a PRA-regulated person, the FCA or the PRA, and

(ii)in any other case, the FCA.

(5)In the heading, for “Authority's powers” substitute “Powers of FCA and PRA”.