Paragraph 22 I1

Regulation 39 (meaning of “permission” etc) is amended as follows.

The existing text becomes paragraph (1).

In that paragraph, in the definition of “permission”, after paragraph (a) insert—

“(aa)

section 144G of FSMA and CRR rules (as defined in Part 9D of FSMA);

(ab)

section 192XC of FSMA and section 192XA rules (as defined in Part 12B of FSMA);”.

After that paragraph insert—

“(2)

In this Part, in relation to—

(a)

a decision made under a power conferred by section 144G of FSMA and CRR rules (as defined in Part 9D of FSMA) that are section 192XA rules (as defined in Part 12B of FSMA), or

(b)

a decision made under a power conferred by section 192XC of FSMA and section 192XA rules (as defined in Part 12B of FSMA),

“appropriate regulator” means the PRA.”