In section 422A [Section 422A was substituted by S.I. 2009/534.] (disregarded holdings) -

(a) in subsection (4) -

(i) in paragraph (a) [Section 422A(4) (a) was amended by S.I. 2017/701.], for the words from "article 4.1.7" to "directive" substitute "article 2.1.6 of the markets in financial instruments regulation";

(ii) for paragraph (b), substitute -

"(b) has a Part 4A permission to carry on one or more investment services and activities;";

(b) in subsection (5), for "credit institution" substitute "qualifying credit institution";

(c) in subsection (6) -

(i) in the opening words and in paragraph (b), for "credit institution" substitute "qualifying credit institution";

(ii) in paragraph (a)(ii), omit the words from "in accordance with" to the end;