The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013

Transitional provisions in relation to the Financial Services and Markets Act 2000 (Control of Business Transfers) (Requirements on Applicants) Regulations 2001

This section has no associated Explanatory Memorandum

63.  For the purposes of the Financial Services and Markets Act 2000 (Control of Business Transfers) (Requirements on Applicants) Regulations 2001, where the PRA is the appropriate regulator within the meaning of Part 7 of the Financial Services and Markets Act 2000—

(a)any approval of any notice given before 1st April 2013 by the Financial Services Authority under regulations 3 or 5 of those regulations is to be treated as approval given by the Prudential Regulation Authority;

(b)any document given before 1st April 2013 to the Financial Services Authority is to be treated as having been given to the Prudential Regulation Authority.