Paragraph 15 I1

United Kingdom

(1)

Article 66 (transfer of engagements between credit unions) is amended as follows.

(2)

In paragraph (4), for “Authority” substitute “appropriate authority”.

(3)

After paragraph (4), insert—

“(5)
If the appropriate authority is the PRA, it must consult the FCA before giving its confirmation under paragraph (4).”.

Annotations