(1) The Financial Services and Markets Act 2000 is amended as follows.
(2) [deleted]
(3) [deleted]
(4) [deleted]
(5) In section 194 (general grounds on which power of intervention is exercisable) -
(a) in subsection (1), for paragraph (c) substitute -
"(c) it is desirable to exercise the power in order to meet any of its regulatory objectives.", and
(b) after that subsection insert -
"(1A) For the purposes of subsection (1)(c) it does not matter whether there is a relationship between the incoming firm and the persons whose interests will be protected by the exercise of the power of intervention."