SCHEDULE 8Amendments of the Building Societies Act 1986
I160
1
Schedule 17192 (transfers of business: supplementary provisions) is amended as follows.
2
Except as provided in sub-paragraph (4), for “Authority”, in each place, substitute “appropriate authority”.
3
After paragraph 4(3), insert—
4
The PRA must consult the FCA before approving a statement under sub-paragraph (3).
4
In paragraph 5D—
a
in sub-paragraph (1), for “Authority” substitute “FCA and, if the society is a PRA-authorised person, the PRA”; and
b
in sub-paragraph (2), for “Authority shall” substitute “FCA must”.