Paragraph 59

(1)

Schedule 16^f1 (mergers: supplementary provisions) is amended as follows.

(2)

Except in paragraph 5, for “Authority”, in each place, substitute “appropriate authority”.

(3)

After paragraph 1(4), insert—

“(4A)
The PRA must consult the FCA before approving a statement under sub-paragraph (3).”.

(4)

In paragraph 5—

(a)

in sub-paragraph (1), for “Authority” substitute “FCA and, if the society is a PRA-authorised person, the PRA”; and

(b)

in sub-paragraph (2), for “Authority shall” substitute “FCA must”.

Annotations

f1: Schedule 16 was amended by S.I. 2001/2617, S.I. 2003/404 and S.I. 2011/593. There are other amending instruments, but none is relevant.