OpenLegislation

Paragraph 15 I1I2I3

(1)

Section 297 (revoking recognition) is amended as follows.

(2)

In subsections (1) and (2), for “the Authority” substitute “ the appropriate regulator ”.

(3)

In subsection (2A)—

(a)

in the opening words—

(i)

for “the Authority” substitute “ the appropriate regulator ”, and

(ii)

omit “which is a recognised investment exchange”,

(b)

in paragraphs (a) and (b), after “exchange” insert “ or (as the case may be) of a clearing house ”, and

(c)

in paragraph (c), for the words from “directly applicable” to the end substitute “ directly applicable EU regulation specified (or of a description specified) in an order made by the Treasury ”.

(4)

In subsection (2C), at the end insert “ or overseas clearing house ”.

(5)

In subsections (5) and (6), for “the Authority” substitute “ the appropriate regulator ”.

Annotations

Commencement

I1

Sch. 8 para. 15 in force at 24.1.2013 for specified purposes by S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3

I2

Sch. 8 para. 15 in force at 24.1.2013 for specified purposes by S.I. 2013/113, art. 2(1)(b), Sch. Pt. 2

I3

Sch. 8 para. 15 in force at 1.4.2013 in so far as not already in force by S.I. 2013/423, art. 3, Sch.