Minor consequential amendments
This section has no associated Explanatory Memorandum
23.—(1) In the provisions specified in paragraph (2), for “(correspondent banking relationships etc.)”, substitute “(corresponding banking relationships and processing payments)”.
(2) Those provisions are—
(a)regulation 5(1)(aa) and (1A)(b);
(b)regulation 19A(3);
(c)regulation 62A(1);
(d)regulation 64(1); and
(e)regulation 72(5)(c).
(3) In the heading to Part 1B of Schedule 5, for “etc.” substitute “and processing payments”.