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5.—(1) In regulation 16—
(a)paragraph (5) is omitted;
(b)in paragraph (7), omit sub-paragraphs (c), (d) and (e).
(2) In regulation 17, in paragraph (2), omit sub-paragraphs (a) and (b).
(3) In regulation 20—
(a)omit paragraph (2);
(b)after paragraph (5), insert—
“(6) The FCA may make technical standards specifying—
(a)what additional measures are required from credit institutions and financial institutions under paragraph (4); and
(b)the minimum action to be taken by credit institutions and financial institutions where paragraph (4) applies.”.
(4) Omit regulation 22.
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