SCHEDULE 2Amendments of subordinate legislation

The Bankruptcy (Financial Services and Markets Act 2000) (Scotland) Rules 2001

61.

In the Bankruptcy (Financial Services and Markets Act 2000) (Scotland) Rules 2001115—

(a)

in rule 2 (interpretation), after the definition of “individual” insert—

““the regulator” in relation to an individual means—

(a)

if the individual is a PRA-authorised person, or was carrying on a PRA-regulated activity in contravention of the general prohibition, the FCA or the PRA,

(b)

in any other case, the FCA,

and terms used in this definition which are defined in the Act have the meaning given in the Act.”;

(b)

in rule 3 (form of demand)—

(i)

in paragraphs (a) and (e), for “Authority’s” substitute “regulator’s”;

(ii)

in paragraph (f)(i), for “Authority” substitute “regulator”;

(c)

in rule 5(2) (application to set aside a demand), for “Authority” substitute “regulator”.