(1) Article 3 of the Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013 [S.I. 2013/556.] (dealing in investments as principal: designation by the PRA) is amended as follows.

(2) In paragraph (2) [Article 3(2) was amended by S.I. 2017/701.] -

(a) at the end of sub-paragraph (a) insert "or";

(b) omit sub-paragraph (c) and the preceding "or".

(3) In paragraph (3) [Article 3(3) was amended by S.I. 2013/3115.] -

(a) for sub-paragraph (a) [Paragraph (3) (a) was substituted by S.I. 2013/3115.] substitute -

(a) is an investment firm that is required to have initial capital of 730,000 euro or would be required to do so if it had a Part 4A permission;";

(b) for sub-paragraph (c) substitute -