24U.K.In paragraph 13 (definition of “banking group”: exempt activities condition)—
(a)in sub-paragraph (2)(b)(i), for “the applicable accounting standards” substitute “ international accounting standards ”,
(b)in sub-paragraph (4), omit the definition of “the applicable accounting standards”, and
(c)in sub-paragraph (4), in the definition of “net-basis activities”, for “the applicable accounting standards” substitute “ international accounting standards ”.