(1) Section 347 (record of authorised persons) is amended as follows.
(2) In subsections (1) to (6), for "Authority", in each place, substitute "FCA".
(3) Omit subsection (1)(f).
(4) In subsection (2), in paragraph (e) -
(a) omit "or recognised clearing house,", and
(b) omit "or clearing house".
(5) In subsection (8), for "Authority" substitute "FCA or the PRA".
17 After section 347 insert -
"347A Duty of PRA to disclose information relevant to the record
(1) The PRA must, for the purpose of assisting the FCA to comply with its duty under section 347 -
(a) notify the FCA if the information included in the record as required under section 347(2)(a) appears to the PRA to be incomplete or inaccurate,
(b) if it makes a prohibition order relating to an individual, provide the FCA with information falling within section 347(2)(f) in relation to that order,
(c) where it is the appropriate regulator in relation to an approved person, provide the FCA with information falling with
…