Section 20 of the Act of 2010 is amended -

(a) in subsection (1), by the insertion of "in relation to regulated financial service providers or in relation to holding companies" after "controlled functions",

(b) in subsection (2), by the insertion of "to be a controlled function in relation to a regulated financial service provider" after "subsection (1)",

(c) by the insertion of the following subsection after subsection (2):

"(2A) The Bank may prescribe a function under subsection (1) to be a controlled function in relation to a holding company if and only if the function -

(a) is likely to enable the person responsible for its performance to exercise a significant influence on the conduct of the affairs of the holding company, or

(b) is related to ensuring, controlling or monitoring compliance by the holding company with its relevant obligations.",

(d) in subsection (3), by the substitution of "A function that is prescribed under subsection (1) as a controlled function in relation to a regulated financial service provider and" for "A controlled function that",

(e) in subsection (4) -