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SCHEDULE 1Application of the Financial Services and Markets Act 2000 to transferred functions

General

4.  As it applies by virtue of paragraphs 2(2)(e) and 3(2)(f), section 3I (power of PRA to require FCA to refrain from specified action) is to be read as if—

(a)the references in subsection (2) of that section to regulatory powers were references to the functions transferred by this Order; and

(b)subsections (2)(b) and (3) of that section were omitted.