SCHEDULES
SCHEDULE 6Control of business transfers
I14
1
Section 110 (right to participate in proceedings) is amended as follows.
2
The existing provision becomes subsection (1).
3
For paragraph (a) of that subsection substitute—
a
the FCA,
aa
in the case of a scheme falling within subsection (2), the PRA, and
4
After that subsection insert—
2
A scheme falls within this subsection if—
a
the authorised person concerned or 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.