Sch 18 para 22
(1) Section 407 (consequences of a direction under section 405) is amended as follows. (2) In subsection (1)— (a) for “the Authority”, in the first place, substitute “ a regulator ” , (b) in paragraph (a), for “subsections (7) to (9) of section 52 do” substitute “ section 55X does ” , and (c) in paragraph (b), for “Authority” substitute “ regulator ” . (3) In subsection (2)— (a) for “the Authority”, in the first place, substitute “ a regulator ” , (b) in paragraph (a), for “section 52(1) and (2)” substitute “ subsections (1) to (3) of section 55V ” , and (c) in paragraph (b), for “Authority” substitute “ regulator ” . (4) In subsection (3)— (a) for “the Authority”, in the first place, substitute “ a regulator ” , and (b) in paragraph (b), for “Authority” substitute “ regulator ” .