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.