PART 2AMENDMENT OF SECONDARY LEGISLATION
Part 2: Money laundering and terrorist financing - risk assessment and controlsI15
1
In regulation 16—
a
paragraph (5) is omitted;
b
in paragraph (7), omit sub-paragraphs (c), (d) and (e).
2
In regulation 17, in paragraph (2), omit sub-paragraphs (a) and (b).
3
In regulation 20—
a
omit paragraph (2);
b
after paragraph (5), insert—
6
The FCA may make technical standards specifying—
a
what additional measures are required from credit institutions and financial institutions under paragraph (4); and
b
the minimum action to be taken by credit institutions and financial institutions where paragraph (4) applies.
4
Omit regulation 22.