Section 109(5)
FSMA 2000
Financial Services and Markets Act 2000 · United Kingdom
Subsection (6) applies where the appropriate regulator is the FCA and either— the transferee is a PRA-authorised person, or the transferor concerned or the transferee has as a member of its immediate group a PRA-authorised person.
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Source: legislation.gov.uk · retrieved 2026-09-04