Paragraph 153 The Bank Administration Rules (Northern Ireland) 2009I1
United Kingdom
In the Bank Administration Rules (Northern Ireland) 2009f1—
in rule 4 (interpretation), omit the definition of “the FSA”;
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;”;
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”;
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”;
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”;
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
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S.R (N.I.) 2009 No. 63.