2.—(1) Article 2 (interpretation) is amended as follows.U.K.
(2) In paragraph (2)—
(a)in the definition of “authorised bank”, in paragraph (a), for “Part 4” substitute “Part 4A”;
(b)omit the definition of “the Authority”;
(c)at the appropriate places, insert—
““the appropriate authority” means—
in relation to a credit union which is a PRA-authorised person, the PRA; and
in relation to a credit union which is not a PRA-authorised person, the FCA;”;
““the FCA” means the Financial Conduct Authority;”;
““the PRA” means the Prudential Regulation Authority;”; and
““PRA-authorised person” has the meaning in section 2B of the 2000 Act;”.
Commencement Information
I1Sch. 7 para. 2 in force at 1.4.2013, see art. 1(1)