Paragraph 11

Section 17^f1 (power to require information) is amended as follows.

In subsection (1), for “Authority” substitute “FCA”.

After subsection (1), insert—

“(1A)

The PRA may, in connection with the exercise of its functions under this Act, exercise in relation to a credit union the powers of the FCA under subsection (1) of section 48 of the 1965 Act to require the production of books, accounts and other documents and the furnishing of information, and subsections (2) and (3) of section 48 of the 1965 Act (penalties and defraying expenses) shall apply accordingly.”.