Paragraph 3 I1

Section 103A (meaning of “the appropriate regulator”) is amended as follows.

In subsection (1), in paragraph (a), for “a scheme” substitute “ a ring-fencing transfer scheme or a scheme (other than a ring-fencing transfer scheme) ”.

At the end of subsection (2) insert—

“(d)

in the case of a ring-fencing transfer scheme, means the body to whose business the scheme relates.”