OpenLegislation

Paragraph 153 The Bank Administration Rules (Northern Ireland) 2009I1

United Kingdom

In the Bank Administration Rules (Northern Ireland) 2009f1—

(a)

in rule 4 (interpretation), omit the definition of “the FSA”;

(b)

in rule 5 (interpretation), after paragraph (a), insert—

“(aa)

“the appropriate regulator” in relation to a bank means—

(i)

if the bank is a PRA-authorised person (within the meaning of the Financial Services and Markets Act 2000), the Prudential Regulation Authority and the Financial Conduct Authority;

(ii)

in any other case, the Financial Conduct Authority;”;

(c)

in rule 12(e) (Bank of England witness statement), rule 15(d) (service) and rule 22(f) (hearing), for “FSA” substitute “Financial Conduct Authority or the Prudential Regulation Authority”;

(d)

in rule 24 (notice of order), after “four” insert “or, if the bank is a PRA-authorised person (within the meaning of the Financial Services and Markets Act 2000), five”;

(e)

in rule 44(b) (appointment of provisional bank administrator), after “4” insert “or, if the bank is a PRA-authorised person (within the meaning of the Financial Services and Markets Act 2000), 5”;

(f)

for “FSA”, in each other place it appears, substitute “appropriate regulator”.

Annotations

Commencement

I1

Sch. 2 para. 153 in force at 1.4.2013, see art. 1(1)

Footnotes

f1

S.R (N.I.) 2009 No. 63.