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23.—(1) In the provisions specified in paragraph (2), for “(correspondent banking relationships etc.)”, substitute “(corresponding banking relationships and processing payments)”.
(2) Those provisions are—
(a)regulation 5(1)(aa) and (1A)(b);
(b)regulation 19A(3);
(c)regulation 62A(1);
(d)regulation 64(1); and
(e)regulation 72(5)(c).
(3) In the heading to Part 1B of Schedule 5, for “etc.” substitute “and processing payments”.
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