After section 22 of FSMA 2000 insert -
"22A Designation of activities requiring prudential regulation by PRA
(1) The Treasury may by order specify the regulated activities that are "PRA-regulated activities" for the purposes of this Act.
(2) An order under subsection (1) may -
(a) provide for exceptions;
(b) confer powers on the Treasury or either regulator;
(c) authorise the making of rules or other instruments by either regulator for purposes of, or connected with, any relevant provision;
(d) make provision in respect of any information or document which in the opinion of the Treasury or either regulator is relevant for purposes of, or connected with, any relevant provision;
(e) make such consequential, transitional, or supplemental provision as the Treasury consider appropriate for purposes of, or connected with, any relevant provision.
(3) Provision made as a result of subsection (2)(e) may amend any primary or subordinate legislation, including any provision of, or made under,
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