Article 53 Insurers: service of petition etc

(1)

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

(a)

a copy of—

(i)

a petition was served on the Authority in accordance with section 369(1)^f1 (insurers: service of petition etc), or

(ii)

an application was served on the Authority in accordance with section 369(2); and

(b)

the petition or application had not been heard.

(2)

If the petition or application relates to a person who is, on the commencement date, a PRA-authorised person, the copy is to be treated as if it had been served on the PRA (as well as on the FCA).

Annotations

Footnotes

f1: Section 369 is amended by the 2012 Act, Schedule 14, paragraph 16.