Paragraph 46 I1

The modified version of section 7 substituted by subsection (5) is amended as follows.

In subsection (4)(a) for “EEA” substitute “ UK ”.

In subsection (9) for the definitions of “EEA creditor” and “normal insolvency proceedings” substitute—

““UK creditor”, in relation to a third-country institution, means a creditor of the institution who—

(a)

in the case of an individual, is ordinarily resident in the United Kingdom; and

(b)

in the case of a body corporate or unincorporated association, has its head office in the United Kingdom.”.