Paragraph 44 I1

(1)

Article 71 (determining remedial measures) is amended as follows.

(2)

In paragraph (1) for “EEA” substitute “ UK ”.

(3)

In paragraph (2) for “each of the authorities to which it submitted its report” substitute “ the appropriate regulator ”.

(4)

In paragraph (3) omit “Where every group entity is set up in the United Kingdom,”.

(5)

Omit paragraph (4).

(6)

In paragraph (6)(b)—

(a)

in paragraph (i) omit “and other EEA States;”;

(b)

in paragraph (ii) for “EEA market” substitute “ market in the United Kingdom ”;

(c)

in paragraph (iii) for the words from “any” to the end substitute “ the United Kingdom ”.

(7)

In paragraph (7) omit “or (4)”.

Annotations

I1: Sch. 3 para. 44 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)