SCHEDULES
SCHEDULE 6Control of business transfers
18
(1)
Paragraph 9A is amended as follows.
(2)
The existing provision becomes sub-paragraph (1).
(3)
In that sub-paragraph, for “Authority” substitute “
relevant regulator
”
.
(4)
After that sub-paragraph insert—
“(2)
In this paragraph the “relevant regulator” means—
(a)
if the transferee is a PRA-authorised person, the PRA;
(b)
in any other case, the FCA.”