Paragraph 11 I1

Paragraph 2 is amended as follows.

In the following places, for “Authority” substitute “ appropriate regulator ”

In sub-paragraph (3), after “transferred” insert “ certification ”.

In sub-paragraph (6)(c), for “, the Authority” substitute

“—

(i)

the PRA, if the transferee is a PRA-authorised person with a Part 4A permission or with permission under Schedule 4;

(ii)

the FCA, if the transferee is a person with a Part 4A permission or with permission under Schedule 4 but is not a PRA-authorised person.”