SCHEDULE 5Performance of regulated activities
17
(1)
Section 69 (statement of policy) is amended as follows.
(2)
In subsection (1), for “The Authority must” substitute “
Each regulator must
”
.
(3)
In subsection (2), for “The Authority's” substitute “A regulator's”.
(4)
In subsection (3)—
(a)
for “The Authority” substitute “
A regulator
”
, and
(b)
after “issued” insert “
by it
”
.
(5)
In subsection (4), for “replaced, the Authority” substitute “
replaced by a regulator, the regulator
”
.
(6)
In subsection (5), for “The Authority” substitute “
A regulator
”
.
(7)
In subsection (6)—
(a)
after “section” insert “
by a regulator
”
, and
(b)
for “the Authority”, in both places, substitute “
the regulator
”
.
(8)
In subsection (7), for “Authority” substitute “
regulator
”
.
(9)
In subsection (8)—
(a)
for “the Authority” substitute “
a regulator
”
, and
(b)
after “published” insert “
by it
”
.