SCHEDULES

SCHEDULE 18Further minor and consequential amendments

PART 1Amendments of FSMA 2000

11

(1)

Section 250 (modification or waiver of rules) is amended as follows.

(2)

In subsection (4)—

(a)

for “Subsections (3) to (9) and (11) of section 148” substitute “ Section 138A and subsections (1) to (3), (5) and (6) of section 138B ”,

(b)

for “section 148(2)” substitute “ section 138A(1) ”, and

(c)

in paragraph (c), for “subsection (7)(b)” substitute “ section 138B(3)(c) ”.

(3)

In subsection (5)—

(a)

for “Subsections (3) to (9) and (11) of section 148” substitute “ Section 138A and subsections (1) to (3), (5) and (6) of section 138B ”,

(b)

for “section 148(2)” substitute “ section 138A(1) ”,

(c)

in paragraph (a), for “subsection (4)(a)” substitute “ subsection (4)(a) of section 138A ”,

(d)

in paragraph (b), for “subsection (7)(b) and (11)” substitute “ section 138B(3)(c) and the definition of “immediate group” in section 421ZA as it applies to that section ”,

(e)

in paragraph (c), for “subsection (7)(b)” substitute “ section 138B(3)(c) ”,

(f)

in paragraph (d), for “subsection (8)” substitute “ section 138B(5) ”, and

(g)

in paragraph (e), for “subsection (9)” substitute “ section 138A(7) ”.