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Regulation 50 Review of models, stress testing and back testing

Original text. Later amendments are not shown.

(1)

Article 49 is amended as follows.

(2)

In paragraph 1—

(a)

omit “and ESMA”;

(b)

for “their” substitute “its”;

(c)

omit from “The adopted models” to the end of the paragraph;

(3)

In paragraph 4—

(a)

for the words from the beginning to “regulatory” where it first appears substitute “The Bank of England may make”;

(b)

omit from “ESMA shall submit” to the end of the paragraph.