# Financial Services Act 2012, Paragraph 49


In section 157 (other processes), in subsection (1), for “Before exercising an insolvency power in respect of a residual bank the FSA” substitute “ Before the PRA or the FCA exercises an insolvency power in respect of a residual bank, whichever of them is exercising the power ”.

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Source: https://www.legislation.gov.uk/ukpga/2012/21/schedule/17/paragraph/49 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012/schedule-17/paragraph-49
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.