This section has no associated Explanatory Notes
37(1)Article 325az (alternative internal model approach and permission to use alternative internal models) is amended as follows.U.K.
(2)In paragraph 8, for “The FCA and PRA may each” substitute “ The PRA may ”.
(3)In paragraph 9—
(a)for “The FCA and the PRA may each” substitute “ The PRA may ”, and
(b)for “they” substitute “ it ”.
Commencement Information
I1Sch. 1 para. 37 in force at 1.1.2022 by S.I. 2021/671, reg. 5(1)(b) (with reg. 5(2)) (as amended by S.I. 2021/1163, regs. 1(2), 2)