SCHEDULES

SCHEDULE 5U.K.Performance of regulated activities

6(1)Section 62 (applications for approval: procedure and right to refer to Tribunal) is amended as follows.U.K.

(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 ”.