PART 2Amendment and revocation of retained direct principal EU legislation

CHAPTER 2Amendment of Regulation (EC) No 550/2004

Article 2 of Regulation (EC) No 550/2004I121

1

Article 2 (tasks of the national supervisory authorities) is amended as follows.

2

In the heading for “authorities” substitute “ authority ”.

3

In paragraph 1—

a

for “authorities” substitute “ authority ”, and

b

for the words from “Member” to the end of the paragraph substitute “ United Kingdom ”.

4

In paragraph 2 for “each” substitute “ the ”.

5

Omit paragraphs 3 to 6.