OpenLegislation

Article 54 Reclaim funds: service of petition etc

Original text. Later amendments are not shown.

(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 369A(1)f1 (reclaim funds: 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 369A was inserted by the Dormant Bank and Building Society Accounts Act 2008, Schedule 2, paragraph 7, and is amended by the 2012 Act, Schedule 14, paragraph 17.