SCHEDULES

SCHEDULE 5Performance of regulated activities

17

1

Section 69 (statement of policy) is amended as follows.

2

In subsection (1), for “The Authority must” substitute “Each regulator must”.

3

In subsection (2), for “The Authority's” substitute “A regulator's”.

4

In subsection (3)—

a

for “The Authority” substitute “A regulator”, and

b

after “issued” insert “by it”.

5

In subsection (4), for “replaced, the Authority” substitute “replaced by a regulator, the regulator”.

6

In subsection (5), for “The Authority” substitute “A regulator”.

7

In subsection (6)—

a

after “section” insert “by a regulator”, and

b

for “the Authority”, in both places, substitute “the regulator”.

8

In subsection (7), for “Authority” substitute “regulator”.

9

In subsection (8)—

a

for “the Authority” substitute “a regulator”, and

b

after “published” insert “by it”.