SCHEDULES
SCHEDULE 6Control of business transfers
18
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.