110 Right to participate in proceedings
110 Right to participate in proceedings

[(1)]     On an application under section 107 [relating to an insurance business transfer scheme, a banking business transfer scheme or a reclaim fund business transfer scheme], the following are also entitled to be heard—

[(a)     the FCA,

(aa)     in the case of a scheme falling within subsection (2), the PRA, and]

(b)     any person (including an employee of [the transferor concerned] or of the transferee) who alleges that he would be adversely affected by the carrying out of the scheme.

[(2)     A scheme falls within this subsection if—

(a)     [the transferor concerned] or the transferee is a PRA-authorised person, or

(b)     [the transferor concerned] or the transferee has as a member of its immediate group a PRA-authorised person.]