Paragraph 28

(1)

Section 224 (scheme manager's power to inspect documents held by Official Receiver etc) is amended as follows.

(2)

In subsection (1) M1 in the opening words after “relevant person” insert “ or relevant exchange ”.

(3)

After subsection (4) insert—

“(4A)
In this section “relevant exchange” means a body corporate or unincorporated association carrying on a regulated activity relating to a trading facility at the time the act or omission which may give rise to the liability mentioned in subsection (1)(a) took place.”.

Annotations

Marginal citations

M1: Subsection (1) was amended by paragraph 15 of Schedule 10 to the Financial Services Act 2012.

Notes on the whole SI

Textual amendments

F1: Regulations revoked (14.12.2023 for the revocation of reg. 51) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xviii)