Regulation 50 Enforcement: EEA institutionsI1

In that paragraph (2)(c) of regulation 9 of the 1992 Regulations (power to prohibit the acceptance of deposits), for the words from “by these Regulations” to the end there shall be substituted—

“(i)

by these Regulations or by or under any of the relevant Acts; or

(ii)

by the Credit Institutions (Protection of Depositors) Regulations 1995:.”

In paragraph (2)(d) of that regulation for the words “the implementation of the second Council Directive” there shall be substituted—

“(i)

the implementation of the Second Council Directive; or

(ii)

the implementation of Directive 94/19/EC on deposit-guarantee schemes;.”