This section has no associated Explanatory Notes
11(1)Paragraph 2 is amended as follows.
(2)In the following places, for “Authority” substitute “appropriate regulator”—
(a)sub-paragraph (1)(b);
(b)in the first place in sub-paragraph (3).
(3)In sub-paragraph (3), after “transferred” insert “certification”.
(4)In sub-paragraph (6)(c), for “, the Authority” substitute “—
(i)the PRA, if the transferee is a PRA-authorised person with a Part 4A permission or with permission under Schedule 4;
(ii)the FCA, if the transferee is a person with a Part 4A permission or with permission under Schedule 4 but is not a PRA-authorised person.”