Article 47 Powers of FCA and PRA to participate in proceedings: administration

(1)

Paragraph (2) applies if, before the commencement date—

(a)

a notice or other document was sent to the Authority in accordance with section 362(3)^f1 (powers to participate in proceedings); and

(b)

the administration had not ended.

(2)

If the notice or other document relates to a person who is, on the commencement date, a PRA-regulated person within the meaning of section 355^f2 (interpretation of Part 24), the notice or other document is to be treated as if it had been sent to the PRA (as well as to the FCA).

Annotations

Footnotes

f1: Section 362(3) is amended by the 2012 Act, Schedule 14, paragraph 8.
f2: Section 355 is amended by the 2012 Act, Schedule 14, paragraph 2.