# The Risk Transformation Regulations 2017, Regulation 172: Meaning of “affected parties”


(1) In this Chapter, “affected parties” means—
(a) in a Case 1 transfer scheme—
(i) the FCA;
(ii) the PRA;
(iii) an undertaking from whom the transferor has assumed a risk on behalf of a relevant cell;
(iv) all investors holding investments issued by the transferor on behalf of a relevant cell;
(v) any other person to whom the transferor has incurred a liability on behalf of a relevant cell; and
(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;
(b) in a Case 2 transfer scheme—
(i) the FCA;
(ii) the PRA;
(iii) an undertaking from whom the transferor has assumed a risk on behalf of a relevant cell;
(iv) all investors holding investments issued by the transferor on behalf of a relevant cell;
(v) any other person to whom the transferor has incurred a liability on behalf of a relevant cell;
(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
(vii) any person to whom the transferee has a liability or to whom the transferee has issued an investment;
(c) in a Case 3 transfer scheme—
(i) the FCA;
(ii) the PRA;
(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;
(iv) any undertaking from whom the transferee has assumed a risk on behalf of a relevant cell;
(v) all investors holding investments issued by the transferee on behalf of a relevant cell;
(vi) any other person to whom the transferee has incurred a liability on behalf of a relevant cell; and
(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.
(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.

---
Source: https://www.legislation.gov.uk/ukdsi/2017/9780111160596/regulation/172 (the official version)
Page: https://openlegislation.uk/draft-risk-transformation-regulations-2017/regulation-172
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.