This section has no associated Explanatory Memorandum
27. In section 425(1)(a) (expressions relating to authorisation elsewhere in the single market)(1) for “banking consolidation directive” substitute “capital requirements directive”.
(1)
Section 425 was amended by S.I. 2003/2066, S.I. 2004/3379, S.I. 2006/2975, S.I. 2007/126, S.I. 2007/3252 and S.I. 2012/1906.