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195. In the Financial Services and Markets Act 2000 (Administration Orders Relating to Insurers) Order 2010(1)—
(a)in article 3 (application and modification of the Insolvency Rules 1986 in relation to insurers), for “Financial Services Authority” substitute “Financial Conduct Authority and, where the person is a PRA-authorised person within the meaning of the Financial Services and Markets Act 2000, the Prudential Regulation Authority”;
(b)in article 4 (application and modification of the Insolvency (Scotland) Rules 1986 in relation to insurers), for “the Financial Services Authority” substitute “the Financial Conduct Authority and, where the person is a PRA-authorised person within the meaning of the Financial Services and Markets Act 2000, the Prudential Regulation Authority”;
(c)in the Schedule (modifications of Part 2 of the Insolvency Act 1986 in relation to insurers)—
(i)in paragraph 2(1), in the inserted paragraph 3A, for “Financial Services Authority”—
(aa)in sub-paragraph (3)(b), substitute “Prudential Regulation Authority and, if the insurer is not a PRA-authorised person within the meaning of the Financial Services and Markets Act 2000, the Financial Conduct Authority”,
(bb)in sub-paragraph (10)(c), substitute “Financial Conduct Authority or the Prudential Regulation Authority”;
(ii)in paragraph 3 for “Financial Services Authority” substitute “Financial Conduct Authority and the Prudential Regulation Authority”;
(iii)in paragraph 4 for “Financial Services Authority” substitute “Financial Conduct Authority and the Prudential Regulation Authority”;
(iv)in paragraph 5 for “Financial Services Authority” substitute “Financial Conduct Authority and the Prudential Regulation Authority”;
(v)in paragraph 8 for “Financial Services Authority” substitute “Financial Conduct Authority or the Prudential Regulation Authority”;
(vi)in paragraph 9(c) for “Financial Services Authority” substitute “Financial Conduct Authority or the Prudential Regulation Authority”.
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