39.—(1) In Section 83A (Modifications of Part 1), the Table of modifications of Part 1 (in its application to an FCA-regulated bank) is amended as follows.
(2) At the beginning insert—
| “Section 3 | Treat the definition of “normal insolvency proceedings” in subsection (1) as including investment bank special administration established by the Investment Bank Special Administration Regulations 2011 (S.I. 2011/245).”. |
(3) In the entry for section 8ZA omit paragraph (b).
(4) Omit the entry for section 12AA.
(5) In the entry for section 81ZBA omit paragraph (c).
(6) Omit the entry for section 89H.