Section 83A

In the application of this Part to an FCA-regulated bank the modifications specified in the Table apply. 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; “ immediate group ” has the meaning given by section 421ZA of the Financial Services and Markets Act 2000; “ PRA-authorised person ” has the meaning given by section 2B(5) of that Act. (a) Treat the references to the PRA in subsections (1), (5A), (5C), (5D) and (5F) as references to the FCA. (b) . . . (c) If the bank has as a member of its immediate group a PRA-authorised person the FCA must consult the PRA before determining whether or not Condition 2 is met. (d) Subsections (5G)(a) and (5H)(a) do not apply unless the bank has as a member of its immediate group a PRA-authorised person. (a) Subsection (4)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. . . . (a) Treat the references to the PRA in subsections (2) and (2A) as references to the FCA. (b) Ignore subsection (6)(b) unless the bank has as a member of its immediate group a PRA-authorised person. (a) Treat the references to the PRA in subsections (2) and (6) as references to the FCA. (b) Subsections (7)(b) and (8)(b) do not apply unless the banking group company has as a member of its immediate group a PRA-authorised person. (a) Treat the references to the PRA in subsections (2)(a) and (2A) as references to the FCA. (b) Ignore subsection (8)(a) unless the bank has as a member of its immediate group a PRA-authorised person. . . . (a) Treat the references to the PRA in subsections (2) and (6) as references to the FCA. (b) Subsections (7)(b) and (8)(b) do not apply unless the banking group company has as a member of its immediate group a PRA-authorised person. (a) Treat the references to the PRA in subsections (2)(a) and (2A) as references to the FCA. (b) Subsection (5)(b) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. (a) Treat the references to the PRA in subsections (2) and (6) as references to the FCA. (b) Subsections (7)(b) and (8)(b) do not apply unless the banking group company has as a member of its immediate group a PRA-authorised person. (a) Treat the reference to the PRA in subsection (2) as a reference to the FCA. (b) Ignore subsection (5)(a).

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Source: legislation.gov.uk · retrieved 2026-09-04