3(1)Section 103A (meaning of “the appropriate regulator”) is amended as follows.
(2)In subsection (1), in paragraph (a), for “a scheme” substitute “a ring-fencing transfer scheme or a scheme (other than a ring-fencing transfer scheme)”.
(3)At the end of subsection (2) insert—
“(d)in the case of a ring-fencing transfer scheme, means the body to whose business the scheme relates.”