(1) Section 243 (authorisation orders) is amended as follows.

(2) In subsection (5) [Subsections (5) and (5A) were substituted for subsection (5) by S.I. 2011/1613.] -

(a) omit "or another EEA State";

(b) for "country in which it is incorporated" substitute "United Kingdom".

(3) For subsection (5A) substitute -

"(5A) The manager and the trustee must each have a place of business in the United Kingdom.".

(4) Omit subsection (6).