110 Right to participate in proceedings.U.K.
[F1(1)]On an application under section 107, the following are also entitled to be heard—
[F2(a)the FCA,
(aa)in the case of a scheme falling within subsection (2), the PRA, and]
(b)any person (including an employee of the authorised person concerned or of the transferee) who alleges that he would be adversely affected by the carrying out of the scheme.
[F3(2)A scheme falls within this subsection if—
(a)the authorised person concerned or 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.]
Textual Amendments
F1S. 110 renumbered as s. 110(1) (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 6 para. 4(2) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F2S. 110(1)(a)(aa) substituted for s. 110(1)(a) (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 6 para. 4(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F3S. 110(2) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 6 para. 4(4) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
Modifications etc. (not altering text)
C1S. 110 applied (1.12.2001) by S.I. 2001/3626, arts. 1, 3(a)