Schedule 6, Part 1D, paragraph 4A(4)

Paragraph 4D has effect in relation to persons of the kind specified by sub-paragraph (3) as if— for paragraph (d) and (e) of sub-paragraph (5) there were substituted— the effect that the carrying on of business by C might be expected to have on the stability of the UK financial system or on those who are or may become policyholders of members of C; the effect that the failure of C might be expected to have on the stability of the UK financial system or on those who are or may become policyholders of members of C; sub-paragraph (6) were omitted.

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Source: legislation.gov.uk · retrieved 2026-09-04