1.Directive 83/350/EEC is hereby repealed with effect from 1 January 1993.
2.In the following provisions, the words 'Directive 83/350/EEC' shall be replaced by 'Directive 92/350/EEC': - Article 5 of Directive 89/299/EEC, - Articles 12 (5), 13 (3) and 15 (2) and the fifth indent of the first subparagraph of Article 18 (2) of Directive 89/646/EEC, - Article 3 (3) of Directive 89/647/EEC.
3.In Article 1, point 5, of Directive 89/646/EEC and the first indent of Article 2 (1) of Directive 89/647/EEC, the definition of competent authorities shall be replaced by the following: 'the national authorities which are empowered by law or regulation to supervise credit institutions'.