Paragraph 60

(1)

Schedule 17^f1 (transfers of business: supplementary provisions) is amended as follows.

(2)

Except as provided in sub-paragraph (4), for “Authority”, in each place, substitute “appropriate authority”.

(3)

After paragraph 4(3), insert—

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

(4)

In paragraph 5D—

(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 17 was amended by S.I. 2001/2617 and S.I. 2003/404. There are other amending instruments, but none is relevant.