[(1) If and so long as any regulated activity is a core activity (see section 142B) without also being a PRA-regulated activity (see section 22A), the provisions of this Chapter are to have effect subject to the following modifications.
(2) Section 1B is to have effect as if—
(a) in subsection (3), after paragraph (c) there were inserted—
“(d) in relation to the matters mentioned in section 1EA(2), the continuity objective (see section 1EA).”, and
(b) in subsection (4), for “or the
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