Paragraph 14 I1
United Kingdom
(1)
Section 42Cf1 (variation and revocation of transfer directions) is amended as follows.
(2)
In subsection (1), for “Authority” substitute “appropriate authority”.
(3)
After subsection (1), insert—
“(1A)If the appropriate authority is the PRA, it must consult the FCA before varying or revoking a direction.”.
Annotations
Commencement
- I1
Sch. 8 para. 14 in force at 1.4.2013, see art. 1(1)
Footnotes
- f1
-
Section 42C was inserted by the Building Societies Act 1997, section 18 and amended by S.I. 2001/2617.