Paragraph 51 I1

(1)

Schedule 17A (exercise of Part 18 functions by Bank of England) is amended as follows.

(2)

In paragraph 2(1) for “appropriate regulators” substitute “ FCA ”.

(3)

In paragraph 17—

(a)

in sub-paragraph (5), for the words from “the reference” to the end substitute “ subsection (1)(a) required consultation with the FCA. ”;

(b)

omit sub-paragraph (6)(b).

(4)

In paragraph 23—

(a)

the existing text becomes sub-paragraph (1);

(b)

after that sub-paragraph insert—

“(2)
Paragraph 9(2)(a) does not apply to the reference to the PRA in section 348(8).”

(5)

In paragraph 35(3)—

(a)

at the end of paragraph (a) insert “ and ”;

(b)

omit paragraph (b).

Annotations