1 Part 7 of FSMA 2000 is amended as follows.
2 Before section 104 insert -
"103A Meaning of "the appropriate regulator"
(1) In this Part "the appropriate regulator" means -
(a) in relation to a scheme in respect of which the authorised person concerned is a PRA-authorised person, the PRA;
(b) in any other case, the FCA.
(2) In this Part, "the authorised person concerned" -
(a) in the case of an insurance business transfer scheme, is to be read in accordance with section 105(2);
(b) in the case of a banking business transfer scheme, is to be read in accordance with section 106(2);
(c) in the case of a reclaim fund business transfer scheme, means the reclaim fund to whose business the scheme relates."
(1) Section 109 (scheme reports) is amended as follows.
(2) For "Authority", in each place, substitute "appropriate regulator".
(3) After subsection (3) insert -
"(4) Where the appropriate regulator is the PRA, it must consult the FCA before -
(a) nominating or approving a per
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