(1) In Article 14 -

(a) in paragraph 1 -

(i) for "EuVECA" substitute "RVECA";

(ii) for "competent authority of their home Member State" substitute "FCA";

(iii) omit point (d);

(b) in paragraphs 2, 4 and 6, for "competent authority of the home Member State", in each place it occurs, substitute "FCA";

(c) in paragraph 3 -

(i) for "entire territory of the Union" substitute "United Kingdom";

(ii) for "EuVECA" substitute "RVECA";

(iii) for "throughout the Union" substitute "in the United Kingdom";

(d) in paragraph 5, for "Article 3(3) of Directive 2011/61/EU" substitute "regulation 10(1) of the AIFM Regulations";

(e) in paragraph 6, in the second subparagraph -

(i) in the second sentence, for "competent authority" substitute "FCA";

(ii) in the third sentence, for "relevant competent authority" substitute "FCA";

(f) for paragraphs 7 and 8 substitute -