Power to apply amendments to other types of firms carrying on regulated activities
20(1)The Commissioners for Her Majesty’s Revenue and Customs may by regulations amend any Act—
(a)so as to apply (with or without modifications), in relation to regulated firms of a specified description, the provision made by the amendments made by this Part, or
(b)so as to make, in relation to regulated firms of a specified description, provision corresponding to the provision made by the amendments made by this Part.
(2)“Regulated firm” means a firm carrying on a regulated activity within the meaning of the Financial Services and Markets Act 2000 (see section 22 of that Act); and “firm” has the same meaning as in ITTOIA 2005 (see section 847 of that Act) (and includes a limited liability partnership in relation to which section 863(1) of that Act applies).
(3)Regulations under this paragraph may—
(a)make different provision for different cases or different purposes;
(b)make incidental, consequential, supplementary and transitional provision and savings.