Paragraph 39

Section 95^f1 (mergers: provisions supplementing sections 93 and 94) is amended as follows.

For “Authority”, in each place, substitute “appropriate authority”.

After subsection (6), insert—

“(6A)

The PRA must consult the FCA before confirming an amalgamation or transfer, or giving a direction, under this section.

(6B)

The PRA must—

(a)

notify the FCA it if confirms an amalgamation or transfer; and

(b)

send the FCA a copy of any direction it gives.”.