{
  "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2006/schedule-2/paragraph-7",
  "json_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2006/schedule-2/paragraph-7.json",
  "legislation": "ukdsi/2006/0110755529",
  "legislation_title": "The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2006",
  "legislation_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2006",
  "path": "schedule/2/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": null,
  "text": "In section 296 (Authority’s power to give directions)—\n(a) after subsection (1) insert—\n“(1A) This section also applies in the case of a recognised body which is a recognised investment exchange if it appears to the Authority that the body has failed, or is likely to fail, to comply with any obligation imposed on it by any directly applicable Community regulation made under the markets in financial instruments directive.”;\n(b) after subsection (2) insert—\n“(2A) In the case of a recognised investment exchange other than an overseas investment exchange, those steps may include—\n(a) the granting to the Authority of access to the premises of the exchange for the purpose of inspecting—\n(i) those premises; or\n(ii) any documents on the premises which appear to the Authority to be relevant for the purpose mentioned in subsection (2);\n(b) the suspension of the carrying on of any regulated activity by the exchange for the period specified in the direction.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2006/0110755529/schedule/2/paragraph/7",
    "retrieved_at": "2026-10-30T15:20:31.857832+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}