Article 37 Revoking recognition

(1)

Paragraph (2) applies if—

(a)

the Authority had, before the commencement date, made an order under section 297^f1 (revoking recognition) revoking the recognition order made in relation to a recognised clearing house; and

(b)

the date on which the revocation order takes effect is, or is after, the commencement date.

(2)

The revocation order is to be treated as if it had been made by the Bank of England.

Annotations

Footnotes

f1: Section 297 was amended by S.I. 2007/126 and 2012/916, and is further amended by the 2012 Act, Schedule 8, paragraph 15.