Paragraph 16 I1

(1)

Section 347 (record of authorised persons) is amended as follows.

(2)

In subsections (1) to (6), for “Authority”, in each place, substitute “ FCA ”.

(3)

Omit subsection (1)(f).

(4)

In subsection (2), in paragraph (e)—

(a)

omit “or recognised clearing house,”, and

(b)

omit “or clearing house”.

(5)

In subsection (8), for “Authority” substitute “ FCA or the PRA ”.

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