Financial Services and Markets Act 2000

[F1103AMeaning of “the appropriate regulator”U.K.

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(1)In this Part “the appropriate regulator” means—

(a)in relation to a scheme in respect of which the authorised person concerned is a PRA-authorised person, the PRA;

(b)in any other case, the FCA.

(2)In this Part, “the authorised person concerned”—

(a)in the case of an insurance business transfer scheme, is to be read in accordance with section 105(2);

(b)in the case of a banking business transfer scheme, is to be read in accordance with section 106(2);

(c)in the case of a reclaim fund business transfer scheme, means the reclaim fund to whose business the scheme relates.]

Textual Amendments