Section 20

1 FSMA 2000 is amended as follows.

2 In section 1H (further interpretative provisions for sections 1B to 1G), in subsection (2)(c) after "invitations" insert "or inducements".

3 In section 25 (contravention of section 21), in subsection (2)(a) after "section 21" insert "in accordance with subsection (2A) of that section".

4 In section 55A (application for permission), after subsection (5) insert -

"(6) References in this section to permission under this Part do not include references to permission under section 55NA."

5

(1) Section 55O (imposition of requirements on acquisition of control) is amended as follows.

(2) In subsection (1)(b), after "power" insert "or (as the case may be) the power under section 55NA(5)(b)".

(3) In subsection (2)(a) for "or 55M" substitute ", 55M or 55NA".