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Investment Exchanges and Clearing Houses Act 2006

Section 1: Power of FSA to disallow excessive regulatory provision

9.This section inserts new section 300A into the Financial Services and Markets Act 2000.

10.Section 300A confers the new power on the FSA to disallow excessive regulatory provision of recognised bodies and provides that any regulatory provision made by a recognised body when the FSA has directed it not to do so cannot be enforced.

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