Change of supervisory authority for Northern Ireland credit unions2

The Money Laundering Regulations 20073 are amended as follows.

a

In regulation 23(1)—

i

after sub-paragraph (a)(v) insert—

vi

credit unions in Northern Ireland;

ii

omit sub-paragraph (f)(i).

b

In the definition of “designated authority” in regulation 36—

i

in paragraph (b), insert “and” after “the Commissioners;”; and

ii

omit paragraph (d), together with “and” immediately preceding it.

c

In the definition of “officer” in regulation 36—

i

in paragraph (c), insert “or” after “the OFT;”; and

ii

omit paragraph (e), together with “or” immediately preceding it.