(1) In Article 10 -

(a) omit "Without prejudice to the oversight by the members of the ESCB referred to in Article 12(1),";

(b) omit "of its home Member State".

(2) Omit Articles 11 and 12.

(3) In Article 13 -

(a) omit paragraph 1;

(b) in paragraph 2, omit ", relevant authorities, ESMA".

(4) Omit Articles 14 and 15.

(5) In Article 16, in paragraph 1, omit "of the Member State where it is established".

(6) In Article 17 -

(a) in paragraph 1, for "its" substitute "the";

(b) omit paragraphs 4 to 7;

(c) in paragraph 9 -

(i) in the first sub-paragraph, for the words from the beginning to "develop draft" substitute "The Bank of England may make";

(ii) omit the second and third sub-paragraphs;