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Regulation 4 Amendment of regulation 3 (due diligence requirements)

Original text. Later amendments are not shown.

In regulation 3(4B)—

(a)

in sub-paragraph (a), omit “Section VIII(B)(8)(b) (qualified credit card issuer)” and “and Section VIII(C)(17)(f)(ii) (excluded accounts)”;

(b)

after sub-paragraph (b), omit “and” and insert—

“(ba)

in Section VIII(B)(8)(b) (qualified credit card issuer) and Section VIII(C)(17)(f)(ii) (excluded accounts), 1 January of the year following the calendar year in which the reporting financial institution implemented the policies and procedures required by those provisions, and”.