Part VII

Control of Business Transfers

Meaning of “the appropriate regulator”
103A
1
In this Part “
the appropriate regulator
” means—
a
in relation to
a ring-fencing transfer scheme or a scheme (other than a ring-fencing transfer scheme)
in respect of which
the transferor concerned
is a PRA-authorised person, the PRA;
b
in any other case, the FCA.
2
In this Part, “
the transferor concerned
”—
a
in the case of an insurance business transfer scheme, is to be read in accordance with section 105(2);
b
in the case of a banking business transfer scheme, is to be read in accordance with section 106(2);
c
in the case of a reclaim fund business transfer scheme, means the reclaim fund to whose business the scheme relates.
d
in the case of a ring-fencing transfer scheme, means the body to whose business the scheme relates.
Pt. 7: power to amend conferred (1.9.2023) by Financial Services Act 2021 (c. 22), ss. 22(8)(a), 49(5); S.I. 2023/934, reg. 2(c)
Words in Pt. VII substituted (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 1 para. 2; S.I. 2014/377, art. 2(1)(a), Sch. Pt. 1
S. 103A(2)(d) inserted (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 1 para. 3(3); S.I. 2014/377, art. 2(1)(a), Sch. Pt. 1
Words in s. 103A(1)(a) substituted (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 1 para. 3(2); S.I. 2014/377, art. 2(1)(a), Sch. Pt. 1
S. 103A inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 6 para. 2 (with Sch. 20); S.I. 2013/423, art. 3, Sch.