(1) Every specified financial institution, and every person acting on its behalf, is exempted, in respect of any registered prospectus that refers to the Crown guarantee, from clause 4(2) of Schedule 2 of the Regulations.
(2) The exemption in subclause (1) applies in the case of specified securities that are debt securities and specified securities that are treated as debt securities for the purpose of disclosure under Schedule 2 of the Regulations.