Replacing administrator
This section has no associated Explanatory Memorandum
32. Paragraph 91 (supplying vacancy in office of administrator) has effect as if in sub-paragraph (1) after paragraph (c) there were inserted—
“(ca)in the case of a relevant society, the Financial Conduct Authority,
(cb)in the case of a relevant society which is or has been a PRA-authorised person (within the meaning given in section 2B(5) of the Financial Services and Markets Act 2000), the Financial Conduct Authority or the Prudential Regulation Authority,”.