# Financial Services Act 2012, Paragraph 3


(1) Section 109 (scheme reports) is amended as follows.
(2) For “Authority”, in each place, substitute “ appropriate regulator ”.
(3) After subsection (3) insert—
“(4) Where the appropriate regulator is the PRA, it must consult the FCA before—
(a) nominating or approving a person under subsection (2)(b), or
(b) approving a form under subsection (3).
(5) Subsection (6) applies where the appropriate regulator is the FCA and either—
(a) the transferee is a PRA-authorised person, or
(b) the authorised person concerned or the transferee has as a member of its immediate group a PRA-authorised person.
(6) The FCA must consult the PRA before—
(a) nominating or approving a person under subsection (2)(b), or
(b) approving a form under subsection (3).”

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Source: https://www.legislation.gov.uk/ukpga/2012/21/schedule/6/paragraph/3 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012/schedule-6/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.