35U.K.The Financial Services (Banking Reform) Act 2013 is amended as follows.
36U.K.In section 45 (procedure), in subsection (1)(a) omit “inter-bank”.
37U.K.In section 46 (amendment of designation order), in subsection (2)(a) omit “inter-bank”.
38U.K.In section 47 (revocation of designation orders), in subsection (3)(a) omit “inter-bank”.
39U.K.In section 98 (duty of regulators to ensure co-ordinated exercise of functions), in subsection (5)(b) omit “inter-bank”.
40U.K.In section 110 (interpretation), in subsection (1), in the definition of “recognised inter-bank payment system”—
(a)omit the first “inter-bank”;
(b)for “an inter-bank” substitute “ a ”.
41U.K.In section 112 (interpretation: infrastructure companies), in subsections (2)(a), (4)(b) and (5), omit “inter-bank”.
42U.K.In section 113 (interpretation: other expressions), in subsection (1)—
(a)in the definition of “operator” omit “inter-bank”;
(b)in the definition of “recognised inter-bank payment system”—
(i)omit the first “inter-bank”;
(ii)for “an inter-bank” substitute “ a ”;
(c)in the definition of “the relevant system”, in paragraphs (a) and (c), omit “inter-bank”.
43U.K.In section 115 (objective of FMI administration), in subsection (1) omit “inter-bank”.
44U.K.In section 120 (power to direct FMI administrator), in subsection (8) omit “inter-bank”.
45U.K.In section 127 (interpretation of Part 6), in subsection (1), in the definition of “operator” and in the definition of “recognised inter-bank payment system”, omit “inter-bank”.