# The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013, Paragraph 109: The Insurers (Reorganisation and Winding Up) (Lloyd’s) Regulations 2005

Extent: E+W+S+N.I.

In the Insurers (Reorganisation and Winding Up) (Lloyd’s) Regulations 2005—
(a) in regulation 2(1) (interpretation)—
(i) insert in the appropriate places—
““the FCA” means the Financial Conduct Authority;
“the PRA” means the Prudential Regulation Authority;”
(ii) in the definition of “relevant trust fund”, for “Authority” substitute “FCA or the PRA”;
(b) in regulation 6 (application for a Lloyd’s market reorganisation order)—
(i) in paragraph (1), for “the Authority” substitute “the PRA”;
(ii) after paragraph (1) insert—
“(1A) Before making an application under paragraph (1), the PRA must consult the FCA.”;
(iii) in paragraph (3), for “The Authority” substitute “The FCA, the PRA”;
(c) in regulation 7 (powers of the court)—
(i) in paragraph (3), for “Authority” in each place it appears substitute “PRA”;
(ii) in paragraph (5), for “and the Authority” substitute “, the FCA and the PRA”;
(d) in regulation 8(12) (moratorium), for “Authority” substitute “PRA”;
(e) in regulation 10 (announcement of appointment of controller), for “the Authority” in each place it appears, substitute “the PRA”;
(f) in regulation 11 (market reorganisation plan), for “Authority” in each place it appears substitute “PRA”;
(g) in regulation 14 (revocation of an order under regulation 13), for “Authority” substitute “PRA”;
(h) in regulation 31 (payments from central funds), for “Authority” in each it appears substitute “PRA”;
(i) in the heading to regulation 33 (notification of relevant decision) for “Authority” substitute “PRA”;
(j) in regulation 48 (non-EEA countries), for “Authority” in each place it appears substitute “PRA”.

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Source: https://www.legislation.gov.uk/uksi/2013/472/schedule/2/paragraph/109 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012-consequential-amendments-and-transitional-provisions-order-2013/schedule-2/paragraph-109
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.