3(1)Section 109 (scheme reports) is amended as follows.U.K.
(2)For “Authority”, in each place, substitute “ appropriate regulator ”.
(3)After subsection (3) insert—
“(4)Where the appropriate regulator is the PRA, it must consult the FCA before—
(a)nominating or approving a person under subsection (2)(b), or
(b)approving a form under subsection (3).
(5)Subsection (6) applies where the appropriate regulator is the FCA and either—
(a)the transferee is a PRA-authorised person, or
(b)the authorised person concerned or the transferee has as a member of its immediate group a PRA-authorised person.
(6)The FCA must consult the PRA before—
(a)nominating or approving a person under subsection (2)(b), or
(b)approving a form under subsection (3).”
Commencement Information
I1Sch. 6 para. 3 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch.