PART 3Amendment of retained direct EU legislation

15.

(1)

In Article 33—

(a)

in paragraph 3—

(i)

in the third sub-paragraph, for “That” substitute “ The ”;

(ii)

omit the fourth sub-paragraph;

(b)

in paragraph 5—

(i)

in the first sub-paragraph—

(aa)

for the words from the beginning to “develop draft” substitute “ The Bank of England may make ”;

(bb)

for “competent authorities” substitute “ the competent authority ”;

(ii)

omit the second and third sub-paragraphs;

(c)

in paragraph 6—

(i)

in the first sub-paragraph, for the words from the beginning to “develop draft” substitute “ The Bank of England may make ”;

(ii)

omit the second and third sub-paragraphs.

(2)

In Article 34, in paragraph 8, for “Union” substitute “ United Kingdom ”.