SCHEDULES
SCHEDULE 18Further minor and consequential amendments
PART 1Amendments of FSMA 2000
I122
1
Section 407 (consequences of a direction under section 405) is amended as follows.
2
In subsection (1)—
a
for “the Authority”, in the first place, substitute “
a regulator
”
,
b
in paragraph (a), for “subsections (7) to (9) of section 52 do” substitute “
section 55X does
”
, and
c
in paragraph (b), for “Authority” substitute “
regulator
”
.
3
In subsection (2)—
a
for “the Authority”, in the first place, substitute “
a regulator
”
,
b
in paragraph (a), for “section 52(1) and (2)” substitute “
subsections (1) to (3) of section 55V
”
, and
c
in paragraph (b), for “Authority” substitute “
regulator
”
.
4
In subsection (3)—
a
for “the Authority”, in the first place, substitute “
a regulator
”
, and
b
in paragraph (b), for “Authority” substitute “
regulator
”
.