Paragraph 41

(1)

Section 97^f1 (transfer of business to commercial company) is amended as follows.

(2)

In subsection (4)(d), for “Authority” substitute “appropriate authority”.

(3)

In subsection (6), for “Authority” substitute “appropriate authority”.

(4)

In subsection (8)—

(a)

for “send to the Authority” substitute “send to each of the FCA and, if the society is a PRA-authorised person, the PRA”; and

(b)

for “Authority shall” substitute “FCA must”.

(5)

In subsection (12), for “Authority” substitute “appropriate authority”.

Annotations

f1: Section 97 was amended by S.I. 2001/2617 and S.I. 2009/1941. There are other amending instruments, but none is relevant.