C1 Part XVIII Recognised Investment Exchanges and Clearing Houses
Chapter I Exemption
Supervision
I1293 Notification requirements.
1
The F9appropriate regulator may make rules requiring a recognised body to give it—
a
notice of such events relating to the body as may be specified; and
b
such information in respect of those events as may be specified.
2
The rules may also require a recognised body to give the F9appropriate regulator, at such times or in respect of such periods as may be specified, such information relating to the body as may be specified.
3
An obligation imposed by the rules extends only to a notice or information which the F9appropriate regulator may reasonably require for the exercise of its functions under this Act.
4
The rules may require information to be given in a specified form and to be verified in a specified manner.
5
If a recognised body—
a
alters or revokes any of its rules or guidance, or
b
makes new rules or issues new guidance,
it must give written notice to the F1appropriate regulator without delay.
6
If a recognised investment exchange makes a change—
a
in the arrangements it makes for the provision F2by another person of clearing services in respect of transactions effected on the exchange, or
b
in the criteria which it applies when determining to whom it will provide F4services falling within section 285(2)(b),
it must give written notice to F3the FCA and the Bank of England without delay.
7
If a recognised clearing house makes a change—
a
in the recognised investment exchanges for whom it provides clearing services F5or services falling within section 285(3)(b), or
b
in the criteria which it applies when determining to whom (other than recognised investment exchanges) it will provide clearing services F7or services falling within section 285(3)(b),
it must give written notice to F6the Bank of England and the FCA without delay.
8
Subsections (5) to (7) do not apply to an overseas investment exchange or an overseas clearing house.
9
“Specified” means specified in F8the appropriate regulator's rules.
Pt. 18 applied in part (with modifications) (12.12.2011) by The Recognised Auction Platforms Regulations 2011 (S.I. 2011/2699), reg. 7, Sch. 2 (as amended (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), reg. 1, Sch. para. 37 (with regs. 7(4), 9(1)))