Amendments to section 204A of the 2000 Act (meaning of “relevant requirement” and “appropriate regulator”)3
1
Section 204A of the 2000 Act is amended as follows.
2
Omit subsection (3)(c).
3
At the end of subsection (3) insert—
d
a requirement under section 62A(2)9 where the authorised person concerned is a PRA-authorised person and the approval concerned was given by the PRA;
e
4
After subsection (3) insert—
3A
Either the PRA or the FCA is “the appropriate regulator” in the case of a contravention of—
a
b
a requirement under section 60A(1) or (2)18 where the authorised person concerned is a PRA-authorised person and the approval concerned falls to be given by the PRA;
d
a requirement under section 63E(1)21 where the authorised person concerned is a PRA-authorised person and the function concerned is of a description specified in rules made by the PRA;
e
a requirement under section 63F(1), (2), (4), (6) or (7)22 where the authorised person concerned is a PRA-authorised person and the certificate concerned relates to a function of a description specified in rules made by the PRA.