SCHEDULES

SCHEDULE 6Control of business transfers

I118

1

Paragraph 9A is amended as follows.

2

The existing provision becomes sub-paragraph (1).

3

In that sub-paragraph, for “Authority” substitute “ relevant regulator ”.

4

After that sub-paragraph insert—

2

In this paragraph the “relevant regulator” means—

a

if the transferee is a PRA-authorised person, the PRA;

b

in any other case, the FCA.