Financial Services Act 2012 (c. 21)

SCHEDULES

SCHEDULE 18 Further minor and consequential amendments

PART 2 Amendments of other Acts of Parliament

Insolvency Act 1986 (c. 45)

52 (1) Section 4A (approval of proposed voluntary arrangement) is amended as follows.

(2) In subsection (5), for “Financial Services Authority” substitute “appropriate regulator”.

(3) After that subsection insert—

“(5A) The appropriate regulator” means—

(a) where the regulated company is a PRA-regulated company within the meaning of paragraph 44 of Schedule A1, the Financial Conduct Authority and the Prudential Regulation Authority, and

(b) in any other case, the Financial Conduct Authority.”