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Paragraph 190 The Building Society Special Administration (England and Wales) Rules 2010I1

United Kingdom

(1)

The Building Society Special Administration (England and Wales) Rules 2010f1 are amended as follows.

(2)

In rule 12 (Bank of England witness statement), for “FSA” substitute “FCA and where relevant the PRA”.

(3)

In rule 20 (other notification) for “FSA” substitute “FCA and where relevant the PRA”.

(4)

In rule 24 (notice of order) for “four” substitute “four or, if the building society is a PRA-authorised person (within the meaning of the Financial Services and Markets Act 2000), five”;

(5)

In rule 25 for “FSA” substitute “FCA and where relevant the PRA”.

(6)

In rule 31 for “FSA” substitute “FCA and where relevant the PRA”.

(7)

In rule 38 for “FSA” substitute “FCA and where relevant the PRA”.

(8)

In rule 45 after “four” insert “or, if the building society is a PRA-authorised person (within the meaning of the Financial Services and Markets Act 2000), five”.

(9)

In rule 46 for “FSA” substitute “FCA and where relevant the PRA”.

(10)

In rule 49 (disapplication of set-off for protected deposits)—

(a)

in paragraph (1)(a), for “FSA Rules” substitute “the appropriate regulator’s rules”;

(b)

in paragraph (6)—

(i)

for the definition of “FSA Rules” substitute—

  • ““appropriate regulator’s rules” means the rules, as amended from time to time, made under section 213 of the Financial Services and Markets Act 2000 by—

    1. (a)

      if the building society is a PRA-authorised person (within the meaning of that Act), the PRA or the FCA;

    2. (b)

      in any other case, the FCA;”;

(ii)

in the definition of “protected deposit” for “FSA Rules” substitute “the appropriate regulator’s rules”.

(11)

In rule 50 (end of special administration: successful rescue) for “FSA” in both places substitute “FCA and where relevant the PRA”.

(12)

In rule 51 (end of special administration: dissolution) for “FSA” in each place substitute “FCA and where relevant the PRA”.

(13)

In rule 54 (right to inspect file) for “FSA” substitute “FCA and where relevant the PRA”.

(14)

In rule 62(p) (general modifications), for “FSA” substitute “FCA”.

(15)

In rule 63 (table of applications and special modifications) for “FSA” substitute—

(a)

in the entry relating to rule 2.128, “FCA”;

(b)

in every other place substitute “FCA and where relevant the PRA”.

Annotations

Commencement

I1

Sch. 2 para. 190 in force at 1.4.2013, see art. 1(1)

Footnotes

f1

S.I. 2010/2580.