[103A Meaning of “the appropriate regulator”]
[103A Meaning of “the appropriate regulator”]

[(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 106(2);

(c)     in the case of a reclaim fund business transfer scheme, means the reclaim fund to whose business the scheme relates;

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