In Article 12 -

(a) in paragraph (2) -

(i) for point (b) substitute -

"(b) the Prudential Regulation Authority;";

(ii) for point (c) substitute -

"(c) the Pensions Regulator;";

(iii) for point (d) substitute -

"(d) the Bank of England;";

(iv) omit points (e) and (f);

(v) in point (g), for "an implementing act" to the end substitute "the regulations pursuant to Article 19(1) have been prescribed by the Treasury";

(vi) for point (h) substitute -

"(e) the Panel on Takeovers and Mergers;";

(vii) omit points (i) to (m);

(b) in paragraph (3) -

(i) in the first subparagraph -

(aa) omit "in close cooperation with the ESCB and";

(bb) for "develop draft regulatory" substitute "make";

(ii) in the first subparagraph after point (d), omit "draft regulatory";