Regulation 20 Section 55Q (exercise of power in support of overseas regulator)
(1)
Section 55Qf1 (exercise of power in support of overseas regulator) is amended as follows.
(2)
Omit subsection (4).
(3)
In subsection (5), in the words before paragraph (a), for the words from “do so” to “EU obligation, it” substitute “exercise its own-initiative powers in response to a request, the UK regulator”.
(4)
Omit subsection (7).
(5)
In subsection (8), for “subsection” substitute “subsections (5) and”.
Annotations
Footnotes
- f1
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There are other amending instruments but none is relevant.