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SCHEDULE 2Amendments of subordinate legislation

The Bank Administration Rules (Northern Ireland) 2009

153.  In the Bank Administration Rules (Northern Ireland) 2009(1)—

(a)in rule 4 (interpretation), omit the definition of “the FSA”;

(b)in rule 5 (interpretation), after paragraph (a), insert—

(aa)“the appropriate regulator” in relation to a bank means—

(i)if the bank is a PRA-authorised person (within the meaning of the Financial Services and Markets Act 2000), the Prudential Regulation Authority and the Financial Conduct Authority;

(ii)in any other case, the Financial Conduct Authority;;

(c)in rule 12(e) (Bank of England witness statement), rule 15(d) (service) and rule 22(f) (hearing), for “FSA” substitute “Financial Conduct Authority or the Prudential Regulation Authority”;

(d)in rule 24 (notice of order), after “four” insert “or, if the bank is a PRA-authorised person (within the meaning of the Financial Services and Markets Act 2000), five”;

(e)in rule 44(b) (appointment of provisional bank administrator), after “4” insert “or, if the bank is a PRA-authorised person (within the meaning of the Financial Services and Markets Act 2000), 5”;

(f)for “FSA”, in each other place it appears, substitute “appropriate regulator”.