20(1)The Commissioners for Her Majesty's Revenue and Customs may by regulations amend any Act—U.K.
(a)so as to apply (with or without modifications), in relation to regulated firms of a specified description, the provision made by the amendments made by this Part, or
(b)so as to make, in relation to regulated firms of a specified description, provision corresponding to the provision made by the amendments made by this Part.
(2)“Regulated firm” means a firm carrying on a regulated activity within the meaning of the Financial Services and Markets Act 2000 (see section 22 of that Act); and “firm” has the same meaning as in ITTOIA 2005 (see section 847 of that Act) (and includes a limited liability partnership in relation to which section 863(1) of that Act applies).
(3)Regulations under this paragraph may—
(a)make different provision for different cases or different purposes;
(b)make incidental, consequential, supplementary and transitional provision and savings.