# Financial Services Act 2012, Paragraph 16


(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 ”.

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Source: https://www.legislation.gov.uk/ukpga/2012/21/schedule/4/paragraph/16 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012/schedule-4/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.