SCHEDULES
SCHEDULE 5Performance of regulated activities
I16
1
Section 62 (applications for approval: procedure and right to refer to Tribunal) is amended as follows.
2
In subsection (1), for the words from “If” to “, it” substitute “
If the regulator to which an application is made under section 60 (“an application”) decides to grant the application, it
”
.
3
In subsections (2) to (4)—
a
for “the Authority” substitute “
the regulator to which an application is made
”
, and
b
for “an application” substitute “
the application
”
.