22(1)Section 407 (consequences of a direction under section 405) is amended as follows.U.K.
(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 ”.
Commencement Information
I1Sch. 18 para. 22 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch.