PART 2Competent authorities

Competent authorities3

1

The following bodies are designated pursuant to Article 78(2) as competent authorities for the purposes of Articles 7, 21, 29, 30, 54 and 73—

a

in relation to an SCE or cooperative which has (or in the case of an SCE, proposes to have) its registered office in Great Britain, the Financial Services Authority;

b

in relation to an SCE or cooperative which has (or in the case of an SCE, proposes to have) its registered office in Northern Ireland, the Registrar of Credit Unions for Northern Ireland.

2

Any reference in these Regulations to the competent authority in respect of an SCE or cooperative is to be construed as a reference to the body designated under paragraph (1) in relation to that SCE or cooperative.