SCHEDULES
SCHEDULE 6Control of business transfers
I17
1
Section 113 (appointment of actuary) is amended as follows.
2
In subsection (2)—
a
for “the Authority”, in the first place, substitute “
either regulator
”
, and
b
for “Authority”, in the second place, substitute “
regulator which made the application
”
.
3
After that subsection insert—
3
An application under subsection (2) may be made by the PRA only if—
a
the authorised person concerned or the transferee is a PRA-authorised person, or
b
the authorised person concerned or the transferee has as a member of its immediate group a PRA-authorised person.