Part XVIIIRecognised investment exchanges, clearing houses , CSDs and other parties

Chapter I Exemption

Power to disallow excessive regulatory provision

F1300EPower to disallow excessive regulatory provision: supplementary

(1)

In sections 300A to 300D—

(a)

“regulatory provision” means any rule, guidance, arrangements, policy or practice, and

(b)

references to making provision shall be read accordingly as including, as the case may require, issuing guidance, entering into arrangements or adopting a policy or practice.

(2)

For the purposes of those sections a variation of a proposal is treated as a new proposal.

(3)

Those sections do not apply to an overseas investment exchange F2, overseas clearing house F3, recognised central counterparty or recognised CSD.