(1) The Acts specified in each Part of Schedule 1 are amended to the extent specified in column (3) of that Part of that Schedule.

(2) The Regulations of 2011 are amended to the extent specified in column (3) of Schedule 2.

(3) The amendment of the Regulations of 2011 by subsection (2) shall not prevent or restrict the subsequent amendment or revocation of those regulations by another statutory instrument.

(4) In this section, "Regulations of 2011" means the Return of Payments (Insurance Undertakings) Regulations 2011 (S.I. No. 641 of 2011).