SCHEDULES
SCHEDULE 5

Performance of regulated activities
6
1
Section 62 (applications for approval: procedure and right to refer to Tribunal) is amended as follows.
2
In subsection (1), for the words from “If” to “, it” substitute “ If the regulator to which an application is made under section 60 (“an application”) decides to grant the application, it ”.
3
In subsections (2) to (4)—
a
for “the Authority” substitute “ the regulator to which an application is made ”, and
b
for “an application” substitute “ the application ”.
Sch. 5 para. 6 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch.