Part VII

Control of Business Transfers

Duty of regulator to provide copy of order
112ZA
1
Where the PRA receives under section 112(10) a copy of an order it must, without delay, give a copy of it to the FCA.
2
Where the FCA receives under section 112(10) a copy of an order it must, without delay, give a copy of it to the PRA if the order relates to a scheme in respect of which—
a
the transferee is a PRA-authorised person, or
b
the transferor concerned
or the transferee has as a member of its immediate group a PRA-authorised person.
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. 112ZA inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 6 para. 6 (with Sch. 20); S.I. 2013/423, art. 3, Sch.