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Amendment of section 33ANE of Act of 1942
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39. Section 33ANE of the Act of 1942 is amended—
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(a) in subsection (1), by the insertion of “shall not include any regulated financial service provider but, subject to that,” after “ ‘designated entity’ ”,
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(b) in subsection (2), by the substitution of the following paragraph for paragraph (b):
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“(b) participation by a person, while concerned in the management of a designated entity, in the commission by the designated entity of such a contravention.”,
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(c) in subsection (3), by the substitution of the following paragraph for paragraph (c):
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“(c) a reference in this Part to performing a controlled function in relation to a regulated financial service provider includes a reference to being concerned in the management of a designated entity.”,
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and
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(d) by the deletion of subsection (4).
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