4(1)Section 110 (right to participate in proceedings) is amended as follows.U.K.
(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.”
Commencement Information
I1Sch. 6 para. 4 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch.