247. In Article 33 (cap on inflows)—
(a)in paragraph 2(a), for “relationship within the meaning of Article 12(1) of Directive 83/349/EEC” substitute “common management relationship”;
(b)in paragraph 2(b), omit “or (7)”;
(c)for paragraph (4)(b), substitute—
“(b)an activity that immediately before exit day would have amounted to consumer credit for the purposes of Directive 2008/48/EC.”;
(d)paragraph 5, in the second sub-paragraph—
(i)omit the first sentence;
(ii)for “EBA shall publish” substitute “PRA must publish”;
(iii)omit the final sentence.