OpenLegislation

Article 40 Power to disallow excessive regulatory provision

Original text. Later amendments are not shown.

A direction given before the commencement date by the Authority under section 300A(2)f1 (power to disallow excessive regulatory provision) to a recognised clearing house is to be treated as if it had been given by the Bank of England.

Annotations

Footnotes

f1

Section 300A was inserted by the Investment Exchanges and Clearing Houses Act 2006, section 1 and is amended by the 2012 Act, Schedule 8, paragraph 18. There are other amending instruments but none is relevant.