- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y'i Deddfwyd)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).
16(1)Section 369 (insurers: service of petition etc. on Authority) is amended as follows.
(2)In subsection (1)—
(a)for “the Authority” substitute “a regulator”, and
(b)for “on the Authority” substitute “on the appropriate regulator”.
(3)In subsection (2)—
(a)for “the Authority” substitute “a regulator”, and
(b)for “on the Authority” substitute “on the appropriate regulator”.
(4)After that subsection insert—
“(3)The appropriate regulator” means—
(a)in relation to a PRA-authorised person, the FCA and the PRA, and
(b)in any other case, the FCA.
(4)If either regulator—
(a)presents a petition for the winding up of a PRA-authorised person with permission to effect or carry out contracts of insurance, or
(b)applies to have a provisional liquidator appointed under section 135 of the 1986 Act (or Article 115 of the 1989 Order) in respect of a PRA-authorised person with permission to effect or carry out contracts of insurance,
that regulator must serve a copy of the petition or application (as the case requires) on the other regulator.”
(5)In the heading, for “Authority” substitute “FCA and PRA”.
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