15(1)Section 297 (revoking recognition) is amended as follows.U.K.
(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 ”.
Commencement Information
I1Sch. 8 para. 15 in force at 24.1.2013 for specified purposes by S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3
I2Sch. 8 para. 15 in force at 24.1.2013 for specified purposes by S.I. 2013/113, art. 2(1)(b), Sch. Pt. 2
I3Sch. 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.