Paragraph 12
After section 85(4) (conversion of society into branch) insert—
“(4A)Before making a finding under subsection (4) in relation to a society which is a PRA-authorised person, the FCA must consult the PRA.”.
After section 85(4) (conversion of society into branch) insert—
“(4A)Before making a finding under subsection (4) in relation to a society which is a PRA-authorised person, the FCA must consult the PRA.”.