Paragraph 35 I1
(1)
Article 304(5) (treatment of clearing members' exposure to clients) is amended as follows.
(2)
In the first subparagraph, for “The FCA and the PRA may each” substitute “ The PRA may ”.
(3)
In the second subparagraph, for “the FCA or the PRA (as the case may be)” substitute “ the PRA ”.
Annotations
Commencement
- I1
Sch. 1 para. 35 in force at 1.1.2022 by S.I. 2021/671, reg. 5(1)(b) (with reg. 5(2)) (as amended by S.I. 2021/1163, regs. 1(2), 2)