[(1) In this Part “the appropriate regulator” means—
(a) in relation to [a ring-fencing transfer scheme or a scheme (other than a ring-fencing transfer scheme)] in respect of which [the transferor concerned] is a PRA-authorised person, the PRA;
(b) in any other case, the FCA.
(2) In this Part, “[the transferor 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
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