s 109 Scheme reports: insurance business transfer schemes
(1) An application under section 107 in respect of an insurance business transfer scheme must be accompanied by a report on the terms of the scheme (“ a scheme report ”). (2) A scheme report may be made only by a person— (a) appearing to the appropriate regulator to have the skills necessary to enable him to make a proper report; and (b) nominated or approved for the purpose by the appropriate regulator . (3) A scheme report must be made in a form approved by the appropriate regulator . (4) Where the appropriate regulator is the PRA, it must consult the FCA before— (a) nominating or approving a person under subsection (2)(b), or (b) approving a form under subsection (3). (5) Subsection (6) applies where the appropriate regulator is the FCA and either— (a) 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. (6) The FCA must consult the PRA before— (a) nominating or approving a person under subsection (2)(b), or (b) approving a form under subsection (3).