Moved by
Lord Sassoon
32: Schedule 5, page 248, line 31, at end insert—
“(b) after subsection (5) insert—
“(5A) “The appropriate regulator”—
(a) in relation to a controlled function which is of a description specified in rules made by the FCA, means the FCA, and
(b) in relation to a controlled function which is of a description specified in rules made by the PRA, means the PRA.”, and
(c) in subsection (6), after “Any” insert “other”.”