Paragraph 6

(1)

Section 4^f1 (rules) is amended as follows.

(2)

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

(3)

After subsection (1), insert—

“(1A)
The FCA must consult the PRA before determining any provision under subsection (1)(b) which relates to credit unions which are PRA-authorised persons.”.

Annotations

Footnotes

f1: Section 4 was amended by S.I. 2001/2617 and S.I. 2002/1555.