(1) Section 91 (penalties for breach of Part 6 rules) is amended as follows.

(2) In subsection (1A) [Inserted by S.I. 2005/1433.] -

(a) in paragraph (e) for the words after "whom" substitute "any provision of, or made in accordance with, the prospectus regulation applies"; and

(b) in the words after paragraph (e) -

(i) for "otherwise" substitute "of or"; and

(ii) for "prospectus directive" substitute "prospectus regulation,".