Section 22 of the Act of 2010 is amended -
(a) in subsection (1), by the insertion of "in relation to a regulated financial service provider" after "is a pre-approval controlled function",
(b) by the insertion of the following subsection after subsection (1):
"(1A) A function is a pre-approval controlled function in relation to a holding company if it is prescribed as such in regulations made pursuant to subsection (2A).",
(c) by the substitution of the following subsections for subsection (2):
"(2) The Bank may by regulations prescribe a function that is a controlled function in relation to a regulated financial service provider as a pre-approval controlled function in relation to a regulated financial service provider, if the function is one by which a person may exercise a significant influence on the conduct of a regulated financial service provider's affairs.
(2A) The Bank may by regulations prescribe a function that is a controlled function in relation to a holding company as a p
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