{
  "url": "https://openlegislation.uk/draft-risk-transformation-regulations-2017/regulation-172",
  "json_url": "https://openlegislation.uk/draft-risk-transformation-regulations-2017/regulation-172.json",
  "legislation": "ukdsi/2017/9780111160596",
  "legislation_title": "The Risk Transformation Regulations 2017",
  "legislation_url": "https://openlegislation.uk/draft-risk-transformation-regulations-2017",
  "path": "regulation/172",
  "kind": "regulation",
  "number": "172",
  "heading": "Meaning of “affected parties”",
  "text": "(1) In this Chapter, “affected parties” means—\n(a) in a Case 1 transfer scheme—\n(i) the FCA;\n(ii) the PRA;\n(iii) an undertaking from whom the transferor has assumed a risk on behalf of a relevant cell;\n(iv) all investors holding investments issued by the transferor on behalf of a relevant cell;\n(v) any other person to whom the transferor has incurred a liability on behalf of a relevant cell; and\n(vi) so far as the transferor is aware, any other person to whom the transferor has incurred a liability which is attributable to a relevant cell;\n(b) in a Case 2 transfer scheme—\n(i) the FCA;\n(ii) the PRA;\n(iii) an undertaking from whom the transferor has assumed a risk on behalf of a relevant cell;\n(iv) all investors holding investments issued by the transferor on behalf of a relevant cell;\n(v) any other person to whom the transferor has incurred a liability on behalf of a relevant cell;\n(vi) so far as the transferor is aware, any other person to whom the transferor has incurred a liability which is attributable to a relevant cell; and\n(vii) any person to whom the transferee has a liability or to whom the transferee has issued an investment;\n(c) in a Case 3 transfer scheme—\n(i) the FCA;\n(ii) the PRA;\n(iii) any person to whom the transferor has a liability, or to whom the transferor has issued an investment, which is to be transferred to the transferee as a result of the transfer scheme;\n(iv) any undertaking from whom the transferee has assumed a risk on behalf of a relevant cell;\n(v) all investors holding investments issued by the transferee on behalf of a relevant cell;\n(vi) any other person to whom the transferee has incurred a liability on behalf of a relevant cell; and\n(vii) so far as the transferee is aware, any other person to whom the transferee has incurred a liability which is attributable to a relevant cell.\n(2) In this regulation, a “relevant cell” is the cell to which the transfer scheme relates and any other cell which has entered into enforceable arrangements with that cell.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2017/9780111160596/regulation/172",
    "retrieved_at": "2026-10-30T15:06:04.488256+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}