# The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013, Paragraph 192: The Building Society Insolvency (Scotland) Rules 2010

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

(1) The Building Society Insolvency (Scotland) Rules 2010 are amended as follows.
(2) In rule 3 (application of rules, construction and interpretation)—
(a) in paragraph (2)—
(i) after the definition of “the 2010 Rules”, insert—
““the appropriate regulator”, in relation to a building society, means—
(a) if the building society 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 (except in rules 11(2), 40(2) and 87 where it means the Prudential Regulation Authority or the Financial Conduct Authority);
(b) in any other case, the Financial Conduct Authority;”;
(ii) omit the definition of “the FSA”;
(iii) 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—
(a) if the building society is a PRA-authorised person (within the meaning of that Act), the Prudential Regulation Authority or the Financial Conduct Authority; or
(b) in any other case, the Financial Conduct Authority;”;
(iv) in the definition of “principal office”, for “FSA”, in each place, substitute “Financial Conduct Authority”;
(v) in the definition of definition of “protected deposit” for “FSA Rules” substitute “appropriate regulator’s rules”;
(vi) in the definition of “registered name”, for “FSA” substitute “Financial Conduct Authority”;
(b) in paragraph (6)(s), for “FSA” substitute “Financial Conduct Authority”.
(3) In rule 31(1) (rights of eligible depositor and set-off), for “FSA Rules” substitute “appropriate regulator’s rules”.
(4) In rule 32(4) (appointment by creditors), for “or the FSA (if the FSA was that applicant)” substitute “the Financial Conduct Authority (if it was that applicant) or the Prudential Regulation Authority (if it was that applicant)”.
(5) In rule 40(7) (removal of building society liquidator by the court), after “three copies” insert “(unless the building society is a PRA-authorised person in which case four copies shall be sent)”.
(6) In rule 88 (procedure following appeal under section 116 of the Banking Act)—
(a) for “the FSA” in the first place those words appear substitute “the Financial Conduct Authority or the Prudential Regulation Authority”;
(b) for “the FSA” in the second place those words appear substitute “the regulator in question”.
(7) In rule 90 (dissolution after winding up), for ““FSA”” substitute ““Financial Conduct Authority””.
(8) For “the FSA”, in every other place it appears, substitute “the appropriate regulator”.

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Source: https://www.legislation.gov.uk/uksi/2013/472/schedule/2/paragraph/192 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012-consequential-amendments-and-transitional-provisions-order-2013/schedule-2/paragraph-192
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.