55.—(1) Article 22 (minimum information to be included in a base prospectus and its related final terms) is amended as follows.
(2) In paragraph 1—
(a)in the second subparagraph, for “Competent authorities” substitute “The FCA”;
(b)in the third subparagraph, for the words from the beginning to “that Directive,” substitute “In order to ensure conformity with subsection (1)(b) of section 87A of FSMA 2000, the FCA, when approving a base prospectus in accordance with that section,”;
(c)in the fourth subparagraph, for the words from “Article 5(2)” to “that Directive,” substitute “subsection (5) of section 87A of FSMA 2000, the FCA, when approving the base prospectus in accordance with that section,”.
(3) In paragraph 5(3), for “point (a) of Article 5(4) of Directive 2003/71/EC” substitute “rule 2.2.7(1) of the Prospectus Rules sourcebook”.
(4) In paragraph 6(3), for “point (b) of Article 5(4) of Directive 2003/71/EC” substitute “rule 2.2.7(2) of the Prospectus Rules sourcebook”.
(5) In paragraph 7—
(a)in the first subparagraph, for “Article 16(1) of Directive 2003/71/EC” substitute “section 87G(1) of FSMA 2000”;
(b)in the second subparagraph, for “Article 16(2) of Directive 2003/71/EC” substitute “section 87Q(4) of FSMA 2000”.