1 Part 24 of FSMA 2000 is amended as follows.
2 In section 355 (interpretation of Part 24) at the end of subsection (1) insert -
"PRA-regulated person" means a person who -
(a) is or has been a PRA-authorised person,
(b) is or has been an appointed representative whose principal (or one of whose principals) is, or was, a PRA-authorised person, or
(c) is carrying on or has carried on a PRA-regulated activity in contravention of the general prohibition."
(1) Section 356 (powers to participate in proceedings: company voluntary arrangements) is amended as follows.
(2) In subsections (1) and (2), for "the Authority" substitute "or recognised investment exchange, the appropriate regulator".
(3) In subsection (3) -
(a) for "the Authority", in the first place, substitute "a regulator", and
(b) for "the Authority", in the second place, substitute "the appropriate regulator".
(4) After subsection (3) insert -
"(4) The appropriate regulator" means -
(a) in the case of a PRA-authori
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