Section 55K (variation and cancellation of Part 4A permission: investment firms)
This section has no associated Explanatory Memorandum
17. In section 55K (investment firms: particular conditions that enable cancellation), in subsection (1)—
(a)in paragraph (c) omit the words from “pursuant”, in the first place it occurs, to “that Chapter,”;
(b)in paragraph (d) for the words from “the operating conditions” to “that Chapter,” substitute “any retained direct EU legislation, or any provision made by or under this Act, which sets the operating conditions”.