PART 8 Recognised investment exchanges and clearing houses

38 Directions and revocation: procedure
1 Paragraphs (2) to (4) apply if—
(a) the Authority gave a notice under section 298 (directions and revocation: procedure) (including a written notice under section 298 as applied by section 290(5) or section 290A(5) (refusal of recognition on ground of excessive regulatory provision)) to a recognised clearing house before the commencement date; and
Section 298 was amended by S.I. 2007/126, and is further amended by the 2012 Act, section 32 and Schedule 8, paragraph 16.
Section 290A was inserted by the Investment Exchanges and Clearing Houses Act 2006 (c.55), section 4 and is amended by the 2012 Act, Schedule 8, paragraph 7.
(b) the end of the period for making representations is, or is after, the commencement date.
2 The notice is to be treated as if it had been given by the Bank of England.
3 Any representations made to the Authority before the commencement date are to be treated as if they had been made to the Bank of England.
4 Representations may be made to the Bank of England before the end of the period specified in the notice.