# Financial Services Act 2012, Paragraph 22


(1) Section 407 (consequences of a direction under section 405) is amended as follows.
(2) In subsection (1)—
(a) for “the Authority”, in the first place, substitute “ a regulator ”,
(b) in paragraph (a), for “subsections (7) to (9) of section 52 do” substitute “ section 55X does ”, and
(c) in paragraph (b), for “Authority” substitute “ regulator ”.
(3) In subsection (2)—
(a) for “the Authority”, in the first place, substitute “ a regulator ”,
(b) in paragraph (a), for “section 52(1) and (2)” substitute “ subsections (1) to (3) of section 55V ”, and
(c) in paragraph (b), for “Authority” substitute “ regulator ”.
(4) In subsection (3)—
(a) for “the Authority”, in the first place, substitute “ a regulator ”, and
(b) in paragraph (b), for “Authority” substitute “ regulator ”.

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Source: https://www.legislation.gov.uk/ukpga/2012/21/schedule/18/paragraph/22 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012/schedule-18/paragraph-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.