(1) Sections 165 (Authority’s power to require information) [Section 165 was amended by the Financial Services Act 2010, section 24(1) and (2), Schedule 2, Part 1, paragraphs 1 and 15.] and 167 (general investigations) [Section 167 was amended by S.I. 2007/126.] of the Act have effect until commencement as if -

(a) each reference to an authorised person (except for the references in subsections 165(7)(b) and (8)) included a reference to a credit union;

(b) the reference in section 165(4) to functions conferred on the Authority by or under the Act included a reference to functions conferred by or under the Act which the Authority has reasonable grounds to believe will be exercisable by it at commencement.