# Financial Services Act 2012, Paragraph 66


(1) Section 162 (duty to report on completion of default proceedings) is amended as follows.
(2) In subsections (1) and (1A), for “Authority” substitute “ appropriate regulator ”.
(3) In subsection (4), for “Authority” substitute “ appropriate regulator ”.
(4) At the end insert—
“(7) The appropriate regulator”—
(a) in relation to a recognised investment exchange or a recognised overseas investment exchange, means the FCA, and
(b) in relation to a recognised clearing house or a recognised overseas clearing house, means the Bank of England.”

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Source: https://www.legislation.gov.uk/ukpga/2012/21/schedule/18/paragraph/66 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012/schedule-18/paragraph-66
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.