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10. In regulation 11—
(a)in paragraph (a) for the words from “, as the case may be” to the end of the paragraph there shall be substituted the words “to be authorised under the Banking Act 1987 or to be a relevant European institution, as the case may be.”;
(b)after paragraph (e) there shall be added—
“(f)action has been taken in relation to it under the law of an EEA State corresponding to that described in paragraph (b), (c), (d) or (e).”
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