<EN xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:base="http://www.legislation.gov.uk/id/ukpga/2000/8" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/en.xsd" SchemaVersion="1.0" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
				<dc:identifier>http://www.legislation.gov.uk/ukpga/2000/8/section/312/notes</dc:identifier><dc:subject>UK Parliament</dc:subject><dc:subject>Building societies</dc:subject><dc:subject>Friendly societies</dc:subject><dc:subject>Legislation</dc:subject><dc:subject>Financial service industries</dc:subject><dc:title>Explanatory Notes to Financial Services and Markets Act 2000</dc:title><dc:creator>HM Treasury</dc:creator><dc:publisher>King's Printer of Acts of Parliament</dc:publisher><dc:modified>2018-03-05</dc:modified>
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<Title><Citation URI="http://www.legislation.gov.uk/id/ukpga/2000/8" id="c00001" Class="UnitedKingdomPublicGeneralAct" Year="2000" Number="0008">Financial Services and Markets Act 2000</Citation></Title>
<Number>8</Number>
<DateOfEnactment>
<DateText>14 June 2000</DateText>
</DateOfEnactment>
</ENprelims><Body><Division id="d00011" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6"><Title>Commentary on Sections</Title><CommentaryPart id="n00277" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6/18" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6/18"><Title>Part Xviii: Recognised Investment Exchanges and Clearing Houses</Title><CommentaryChapter id="n00305" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6/18/3" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6/18/3"><Title>Chapter <Acronym Expansion="3">III</Acronym>: Exclusion from the Competition Act 1998</Title><CommentaryP1 id="n00307" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6/18/3/2" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6/18/3/2">
<Title><CitationSubRef id="c01143" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/312" CitationRef="c00001" SectionRef="section-312">Section 312</CitationSubRef>: The Chapter <Acronym Expansion="2">II</Acronym> prohibition</Title>
<NumberedPara id="paragraph-560" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/paragraph/560" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/paragraph/560"><Pnumber>560</Pnumber><Para>
<Text>This section makes clear that the prohibition of abuse of a dominant position in a market which may affect trade in the United Kingdom in Chapter II of the Competition Act 1998, does not apply to the regulatory provisions or practices of a recognised investment exchange or clearing house, nor to agreements entered into by its members, to the extent that these are required by the body’s regulatory provisions.</Text>
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