SCHEDULE 2Amendments to the Financial Services and Markets Act 2000

Amendments to Part 18 (recognised investment exchanges and clearing houses)32

In section 292(3)152 (overseas investment exchanges and overseas clearing houses), for paragraph (a) substitute—

a

investors are afforded protection equivalent to that which they would be afforded if the body concerned were required to comply with—

i

recognition requirements, other than any such requirements which are expressed in regulations under section 286 not to apply for the purposes of this paragraph, and

ii

requirements contained in any directly applicable EU regulation made under the markets in financial instruments directive or the markets in financial instruments regulation;