SCHEDULES
SCHEDULE 14Amendments of Part 24 of FSMA 2000: insolvency
I16
1
Section 359 (administration order) is amended as follows.
2
In subsection (1)—
a
for “Authority” substitute “
FCA
”
, and
b
in paragraph (a), after “authorised person” insert “
or recognised investment exchange
”
.
3
After subsection (1) insert—
1A
The PRA may make an administration application under Schedule B1 to the 1986 Act or Schedule B1 to the 1989 Order in relation to a company or insolvent partnership which is a PRA-regulated person.
4
In subsection (2), for “the Authority” substitute “
a regulator
”
.
5
In subsection (4), in the definition of “authorised deposit taker”, for “Part IV”, in both places, substitute “
Part 4A
”
.