xmlns:atom="http://www.w3.org/2005/Atom"
104.—(1) Section 96 (grounds for applying) is amended as follows.
(2) In subsection (2)—
(i)in paragraph (a) for “Conditions 1 and 2 in section 7 are met” substitute “Condition 1 in section 7 is met”,
(ii)in paragraph (b), before subparagraph (i) insert—
“(ai)that Condition 2 in section 7 is met,”;
(3) In subsection (3)—
(a)for paragraph (a), substitute—
“(a)the Bank of England has—
(i)informed the PRA that it is satisfied that Condition 2 in section 7 is met, and
(ii)has consented to the application,”, and
(b)in paragraph (b)(i) for “Conditions 1 and 2 in section 7 are met” substitute “Condition 1 in section 7 is met”.