Regulation 7 Amendment of regulation 4

In regulation 4 (general conditions for accounts and subscriptions to accounts)—

(a)

in paragraph (1ZA)(a) omit “(ba) and”;

(b)

in paragraph (1B) omit sub-paragraphs (a), (b) and (ba);

(c)

in paragraph (6)(b) after “innovative finance component” insert “other than those within regulation 8A(2)(cb)”;

(d)

in paragraph (7) after “but” insert “, except in the case of qualifying investments for an innovative finance component within regulation 8A(2)(cb),”;

(e)

omit paragraphs (12) and (13).