Paragraph 33 I1

Regulation 34 (use of agents) is amended as follows.

Omit paragraph (2).

In paragraph (3)(a)(ii), for the words from “money laundering directive” to the end substitute “ Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

Omit paragraph (6).

In paragraph (7)(c)(i), for the words from “money laundering directive” to “2017)” substitute “ Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ”.

Omit paragraph (10).

For paragraph (11) substitute—

“(11)

The FCA must give any notice required by paragraph (9) within a period of two months beginning on the date on which the FCA received the completed application.”

Omit paragraph (14).