Paragraph 16 I1 I2

(1)

Paragraph 24 (which relates to UK firms exercising rights under the banking consolidation directive) is amended as follows.

(2)

In sub-paragraph (1)(a), for “Part IV permission” substitute “ Part 4A permission ”.

(3)

In sub-paragraph (2)—

(a)

for “the Authority”, in the first place, substitute “ either regulator ”,

(b)

in paragraph (a), for “Part IV permission” substitute “ Part 4A permission ”, and

(c)

in paragraph (b), for “the Authority” substitute “ that regulator ”.

Annotations

I1: Sch. 4 para. 16 in force at 27.2.2013 for specified purposes by S.I. 2013/423, art. 2
I2: Sch. 4 para. 16 in force at 1.4.2013 in so far as not already in force by S.I. 2013/423, art. 3, Sch.