Paragraph 59 I1

(1)

Section 249 (functions) is amended as follows.

(2)

In subsection (1)—

(a)

for “Financial Services Authority” substitute “ Prudential Regulation Authority or the Financial Conduct Authority ”, and

(b)

for “the Authority” substitute “ that authority ”.

(3)

In subsection (2), for “Financial Services Authority” substitute “ Prudential Regulation Authority or the Financial Conduct Authority ”.

(4)

Omit subsection (3).

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