61.— Section 31A of the Central Bank Act 1997 is amended—

(a) by substituting “person proposing to carry on, or carrying on, regulated business” for “retail credit firm or home reversion firm”,

(b) in paragraph (a) by substituting “its memorandum and articles of association” for “the memorandum and articles of association of the firm”,

(c) in paragraphs (b) and (c) by substituting “the person or (where it is a firm) of each of” for “each of”,

(d) in paragraphs (d) and (e) by substituting “person” for “firm”,

(e) in paragraph (f) by substituting “person’s” for “firm’s”, and

(f) in paragraph (g)—

(i) by substituting “person’s” for “firm’s”, and

(ii) by substituting “regulated business” for “authorised firms”.