3(1)In relation to times on or after the restructuring date, sections 10(2)(c), 16(1)(b) and (7)(a), 17(1)(a) and 33(1) of the 1991 Act (which make provision where certain matters appear to the Corporation) shall have effect, in each case, with the omission of the words “to the Corporation”.E+W+S
(2)Accordingly, section 16 of that Act shall have effect in relation to such times—
(a)with the substitution, in subsection (1), for “it appears to them as mentioned in paragraph (b) above” of “ the condition mentioned in paragraph (b) above is satisfied ”; and
(b)with the omission, in subsection (7)(b), of the words “to them”, wherever occurring.