4(1)Section 288 (application by a clearing house) is amended as follows.
(2)In subsection (1), for “the Authority” substitute “the Bank of England”.
(3)In subsection (2)—
(a)in the opening words, for “the Authority” substitute “the Bank of England”, and
(b)in paragraph (d), for “the Authority” substitute “the Bank”.
(4)In subsection (3)(b), after “clearing services” insert “or services falling within section 285(3)(b)”.