103AMeaning of “the appropriate regulator”

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.