3(1)Section 63 of FSMA 2000 (withdrawal of approval) is amended as follows.
(2)In subsection (1A)(a), for “significant-influence function” substitute “relevant senior management function”.
(3)For subsection (1B) substitute—
“(1B)In subsection (1A) “relevant senior management function” means a function which the PRA is satisfied is a senior management function as defined in section 59ZA (whether or not the function has been designated as such by the FCA).”