(1) Part 2 of the Finance Act 2001 is amended -

(a) in section 96 -

(i) in subsection (1) -

(I) in the definition of "authorised warehousekeeper" -

(A) in paragraph (a), by the substitution of "process, hold or store" for "process, or hold", and

(B) in paragraph (b), by the substitution of "authority" for "authorities",

(II) by the substitution of the following definition for the definition of "Directive":

"'Directive' means Council Directive (EU) No. 2020/262 of 19 December 2019 [OJ No. L58, 27.2.2020, p. 4];",

(III) in the definition of "European Union", by the substitution of the following paragraph for paragraph (f):

"(f) in the case of France, the territories referred to in Article 349 and Article 355(1) of the Treaty on the Functioning of the European Union, and",

(IV) in the definition of "registered consignee", by the deletion of "other than an authorised warehousekeeper or an exempt consignee," in each place where it occurs,