# Financial Services Act 2021, Paragraph 37


(1) Article 325az (alternative internal model approach and permission to use alternative internal models) is amended as follows.
(2) In paragraph 8, for “The FCA and PRA may each” substitute “ The PRA may ”.
(3) In paragraph 9—
(a) for “The FCA and the PRA may each” substitute “ The PRA may ”, and
(b) for “they” substitute “ it ”.

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Source: https://www.legislation.gov.uk/ukpga/2021/22/schedule/1/paragraph/37 (the official version)
Page: https://openlegislation.uk/financial-services-act-2021/schedule-1/paragraph-37
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.