SCHEDULES

SCHEDULE 6Control of business transfers

I111

1

Paragraph 2 is amended as follows.

2

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

a

sub-paragraph (1)(b);

b

in the first place in sub-paragraph (3).

3

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

4

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.