# Financial Services Act 2021, Paragraph 35


(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 ”.

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Source: https://www.legislation.gov.uk/ukpga/2021/22/schedule/1/paragraph/35 (the official version)
Page: https://openlegislation.uk/financial-services-act-2021/schedule-1/paragraph-35
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.