Paragraph 16

Regulation 17 has effect as if—

(a)

the words “to a CFD counterparty” appeared after the words “make a relevant payment” in paragraph (1), and the reference in that paragraph to “the CFD counterparty” is a reference to “that CFD counterparty”;

(b)

the words “by a CFD counterparty” appeared after the words “may only be issued” in paragraph (3) and the references in that paragraph to “the CFD counterparty” are to “that CFD counterparty”;

(c)

the references to “the CFD counterparty” in paragraphs (4) and (5) are to “a CFD counterparty”;

(d)

the words “to that CFD counterparty” appeared in paragraph (5) after the words “amount specified in the notice”; and

(e)

the words “to a CFD counterparty” appeared after the words “mutualisation payment” in paragraph (6) and the reference in that paragraph to “the CFD counterparty” is a reference to “that CFD counterparty”.