The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013

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”.

(1)

S.R (N.I.) 2009 No. 63.