Regulation 25 Authorisation of a CCP
(1) Article 14 is amended as follows.
(2) In paragraph 1 -
(a) for "legal person established in the Union" substitute "body corporate or unincorporated association established in the United Kingdom";
(b) for "the competent authority of the Member State where it is established" substitute "its competent authority".
(3) Omit paragraphs 2 and 5.