# Financial Services Act 2012, Paragraph 15


(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 ”.

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Source: https://www.legislation.gov.uk/ukpga/2012/21/schedule/8/paragraph/15 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012/schedule-8/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.