(1) In the application of this Part to an FCA-regulated bank the modifications specified in the Table apply.
(2) In this section "FCA-regulated bank" means a bank which does not carry on any activity which is a PRA-regulated activity for the purposes of the Financial Services and Markets Act 2000.
Table of Modifications
|
Provision |
Modification |
|---|---|
|
The bank administrator must send the statement to the FCA (and need not send a copy of it to the PRA). |
|
|
Ignore the reference to the PRA in subsection (3). |
|
|
Ignore the reference to the PRA in subsection (1). |