Schedule 9 to the M1Companies Act 1985 is amended in accordance with this Schedule, as follows—

1. (a)

   for the heading of the Schedule substitute “ SPECIAL PROVISIONS FOR BANKING AND INSURANCE COMPANIES AND GROUPS ”;

2. (b)

   omit the introductory paragraph preceding Part I, together with its heading;

3. (c)

   make the present provisions of Parts I to V of the Schedule (as amended by Part I of this Schedule) Part I of the Schedule, and accordingly—

   1. (i)

      for the descriptive Part heading before paragraph 2 substitute “ FORM AND CONTENT OF ACCOUNTS ”, and

   2. (ii)

      omit the Part headings before paragraphs 19, 27, 31 and 32;

4. (d)

   the provisions of Parts II, III and IV of this Schedule have effect as Parts II, III and IV of Schedule 9 to the Companies Act 1985.